In March this year, Indonesia and Norway signed a Letter of Intent (LoI) on REDD+ an ambitious scheme to compensate countries such as Indonesia for reducing emissions from deforestation and degradation. Under the agreement, Norway has pledged $ 1 Billion fund – a mix of REDD preparation activities in Indonesia, such as policy reforms and [...]
LONDON: The Environmental Investigation Agency (EIA) commends Norway’s divestment of its pension fund’s shares in Malaysian logger Samling Global this week, but calls for a more comprehensive review of the fund’s wider investments of over $400 million in other controversial forestry and plantation companies. On August 23, the Norwegian Ministry of Finance announced the sale [...]
Massive Land Grab for Plantations in Papua Threatens Vital Forests and Exploits Local Communities A new report by the Environmental Investigation Agency (EIA) and Telapak – entitled “Up for Grabs” – exposes how five million hectares of land, most of it forested, is being targeted in Papua by powerful companies seeking to cash in on [...]