Jakarta: Indonesia And Norway The Southeast Asian country has agreed to launch a new partnership to reduce carbon emissions from deforestation, officials said on Monday. Jakarta It terminated a similar settlement last year citing lack of payment.
Indonesia, home to a third of the world’s rainforests, has lost large tracts of forest due to the expansion of crops such as palm oil, but the government has said the rate of deforestation has slowed and needs to be increased to allow growth. Balance is required.
Indonesia’s environment minister Sati Noorbaya Bakari and its Norwegian counterpart aspen barth eid A new agreement on Monday signed a memorandum of understanding in Jakarta.
The new Forest and Climate Partnership includes an outcome-based model, where Indonesia sets the strategy and manages the funds, while Norway makes an annual outcome-based financial contribution to Indonesia’s emissions reductions, the Norwegian government said.
Ed said Norway will distribute contributions based on verified emissions reductions from deforestation and forest degradation in 2016 to 2020 under existing measurement, reporting and verification (MRV) drafting.
“The contribution for the results generated in 2020-2021 will be based on the updated MRV protocol,” Eid said.
ED said the first payment of $56 million for emissions reduction in the August 2016 to July 2017 period could be made after the establishment of the Contribution Agreement.
Indonesia broke its deal with Norway in 2021 due to a lack of payment after Jakarta met its commitment to cut greenhouse gas emissions equivalent to 11.2 million tonnes of carbon-dioxide emissions in 2016-2017.
during climate talks Glasgow Last year, Indonesia refused to support a plan to end deforestation by 2030, but promised a “carbon net sink” in its forestry sector by then, which means the region will see as much as possible by the end of the decade. greenhouse gas emissions, will absorb more than that.
“The memorandum of Understanding The City of Indonesia said, to emphasize the importance of direct and direct benefits for the community and for Indonesia’s progress in accordance with the prevailing regime.
Indonesia, home to a third of the world’s rainforests, has lost large tracts of forest due to the expansion of crops such as palm oil, but the government has said the rate of deforestation has slowed and needs to be increased to allow growth. Balance is required.
Indonesia’s environment minister Sati Noorbaya Bakari and its Norwegian counterpart aspen barth eid A new agreement on Monday signed a memorandum of understanding in Jakarta.
The new Forest and Climate Partnership includes an outcome-based model, where Indonesia sets the strategy and manages the funds, while Norway makes an annual outcome-based financial contribution to Indonesia’s emissions reductions, the Norwegian government said.
Ed said Norway will distribute contributions based on verified emissions reductions from deforestation and forest degradation in 2016 to 2020 under existing measurement, reporting and verification (MRV) drafting.
“The contribution for the results generated in 2020-2021 will be based on the updated MRV protocol,” Eid said.
ED said the first payment of $56 million for emissions reduction in the August 2016 to July 2017 period could be made after the establishment of the Contribution Agreement.
Indonesia broke its deal with Norway in 2021 due to a lack of payment after Jakarta met its commitment to cut greenhouse gas emissions equivalent to 11.2 million tonnes of carbon-dioxide emissions in 2016-2017.
during climate talks Glasgow Last year, Indonesia refused to support a plan to end deforestation by 2030, but promised a “carbon net sink” in its forestry sector by then, which means the region will see as much as possible by the end of the decade. greenhouse gas emissions, will absorb more than that.
“The memorandum of Understanding The City of Indonesia said, to emphasize the importance of direct and direct benefits for the community and for Indonesia’s progress in accordance with the prevailing regime.