Norway will pay 530 million NOK for reduced deforestation in Indonesia
After 10 years of hard work, deforestation in Indonesia is going down. Emissions from deforestation and forest degradation in Indonesia were lower in 2016-17 than in the preceding decade. In response, Norway will pay up to 530 million NOK (approx. $56 million) for the good results. This is the first time Norway pays for Indonesia’s results in emission reductions.
Indonesia reports reduced deforestation, triggering first carbon payment from Norway
News story | Date: 16/02/2019
Indonesia confirms that carbon emissions from deforestation declined in 2017. When the emission figures are independently verified, Norway will guarantee payments to Indonesia for approximately 4.8 millions tons of CO2.