REDD Funds Flow To Indonesia

Source :Carbon Positive
June 24, 2011

Norway’s $1 billion aid pledge to Indonesia in return for forest protection appears intact despite substantial weakening in the original proposal for a moratorium on all deforestation across the tropical island chain. Meanwhile, the World Bank has announced a $3.6 million payment to Indonesia to help build capacity to halt deforestation under REDD, the international Reduced Emissions from Deforestation and Degradation mechanism currently under development.

Last month, Indonesia announced a qualified moratorium on forest clearing after a year of thorny negotiation with industry, landowner and environmental stakeholders since Norway made the billion-dollar offer in 2010. The final arrangement came five months past the initially proposed January 1 start date and saw existing concessions for forest clearing remain valid.

All in all, about 64 million hectares of the country’s 120 million hectares of forest appear now protected by a ban on new permits to log or clear primary or undisturbed natural forest. This is estimated to leave around 35 million hectares of secondary forest, and further areas of primary forest subject to pre-existing concessions, still open to clearing.

Norwegian Environment Minister Erik Solheim told Reuters this week Indonesia is doing a lot to slow deforestation and that donors had to take risks in such funding because not trying to stop the destruction of forests was a far worse alternative. But Solheim warned that Norway wanted to see results for its money. “No developed nation will provide money if it believes it will end up in corruption, mismanagement and no results,” Solheim said.

Meanwhile, the World Bank says it has a payment of $3.6 million to the Indonesian government, one of the first such payments made from the bank’s Forest Carbon Partnership Facility, the Jakarta Post reports. The payment rewards Indonesia’s efforts to tackle deforestation and its commitment to a target to cut greenhouse emissions by 26 per cent below business as usual levels by 2020, World Bank director for Indonesia, Stefan Koeberle, said in a press statement.

Link : http://www.carbonpositive.net/viewarticle.aspx?articleID=2342

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