Area
Indonesia
Commodity Group
Oilseeds, oils and meals
Commodity
Tropical forests
Date
01/02/2019
Policy Category
Other
Policy Instrument
Environmental policy
Description
Received a first tranche from a USD 1 billion fund established by Norway in 2010 to assist Indonesia in preserving its tropical rainforests.
Notes
Government officials from the two countries agreed to release a first tranche from a USD 1 billion fund created by Norway in 2010 to assist Indonesia in preserving its tropical rainforests (see MPPU Aug.10). The delay in releasing the funds has been attributed to the need to put in place both appropriate legislation and policy frameworks and a reliable measurement, reporting and verification system. Reportedly, the payment, the amount of which still has to be determined, recognizes Indonesias success in lowering domestic CO2 emissions, following a reduction in the national deforestation rate in 2017.
