Indonesia

Called the Draft Framework for Engagement in the Palm Oil Sector, the 48-page document by the IFC seeks to provide

The advocates of renewable energy have long chanted a mantra of “green jobs, energy security and lower emissions”, but in country after country we continue to see a fork in the road emerging whereby individual nations are forced to make choices between lowering (global) emissions or developin

(Reuters) - Likely to be first fully validated REDD project under VCS; Approval of methodology boost for REDD projects

SINGAPORE/JAKARTA, Aug 24 (Reuters) - An Indonesian project aimed at saving a vast tract of rainforest has past a milestone seen as a boost in the development of a global market in forest carbon credits.

Indonesia hopes to renegotiate its US$1 billion deal with Norway on reducing carbon emissions by curbing deforestation, hoping Norway will accept tree planting as an eligible part of the program.

“We hope REDD+ activities could be applied in the Indonesia-Norway climate deal,” Hadi Daryanto, director general of forest production at the Forestry Ministry, told The Jakarta Post Saturday.

In May 2010, Norway agreed to contribute up to $1 billion towards reducing deforestation and forest degradation and loss of peatland in Indonesia, which now account for more than 80 percent of the country’s greenhouse gas emissions. The “Letter of Intent” is a promising first step, yet the two countries must still settle key details of the agreement. Below is WRI’s analysis of the Letter of Intent and recommendations for what should be addressed next.