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 [...]
Recent news from Indonesia on revisions made to the Papua Provincial Spatial Plan, made public this month, gives rise to significant hopes that large areas of Papua’s forests may be saved from conversion to plantations and agricultural estates, at least in the short-to-medium term.
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 [...]
The briefing explains how a proposed UN mechanism for reducing emissions from deforestation and degradation (REDD) will not work without efforts to address and regulate the global markets that act as drivers of deforestation