Citing an article first published by Antara News, Tempo is reporting that the Indonesian and Norwegian governments have commenced the funding process based on the performance of reducing greenhouse gas (GHG) emissions from lowered deforestation rates in the country for the 2019 to 2020 period.
“We have just discussed the beginning of completing the fourth result-based contribution as a form of awarding a sign of appreciation for Indonesia that has been able to perform well in reducing deforestation, or REDD+,” Indonesian Minister of Environment and Forestry, Siti Nurbaya, said on Monday (12/2/24.)
The minister noted that the meeting with Norwegian Ambassador to Indonesia Rut Kruger Giverin on Monday marked the start of the performance-based funding process, or result-based payment, expected to be completed next September, with the funding disbursal estimated in early 2025, say Tempo.
The process carried out is in the form of verification and recalculation of emission reductions, Nurbaya stated.
“For Indonesia, it is not really about the money. The most important thing is Norway acknowledges Indonesia’s efforts in its climate mitigation actions,” she said.
On that occasion, Ambassador Giverin said her side was proud of the collaboration with Indonesia regarding reducing emissions, saying that “Indonesia is showing the world its ability in emission reductions by providing a real example to reduce emissions from deforestation. That is something that must be recognized at the global level.”
In October 2022, Norway had paid performance-based funding of USD 56-million, or around IDR 876-billion, to Indonesia. Payments from Norway to Indonesia, amounting to USD 100-million, or IDR 156-trillion, were also made in December 2023, report Tempo, adding that the third payment was made last January amounting to USD 156-million, or around IDR 2.4-trillion.
The funding is a follow-up to Indonesia’s cooperation with Norway, which was signed in 2022.
Source: Tempo
Stock image by jorono from Pixabay
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