AreaIndonesia
Commodity GroupOilseeds, oils and meals
CommodityTropical forests
Date01/02/2019
Policy CategoryOther
Policy InstrumentEnvironmental policy
DescriptionReceived a first tranche from a USD 1 billion fund established by Norway in 2010 to assist Indonesia in preserving its tropical rainforests.
NotesGovernment 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.
