One Billion U.S. Dollar For Indonesia's forests

Indonesia will impose a moratorium on logging of natural forests and peatlands for two years. This new agreement reached during the visit of President Susilo Bambang Yudhoyono to Oslo, Norway.

Norwegian aid disbursed amounted to one billion dollars to rescue the forests and peat lands in Indonesia. Indonesia agreed to a moratorium on natural forest protection and turf for two years. The signing of new agreements for forest conservation project was witnessed by President Susilo Bambang Yudhoyono and Norwegian Prime Minister Jens Stoltenberg.
Agreement in protecting degraded forests in Indonesia is a follow climate talks, business-related reduction of greenhouse gas emissions that cause global warming due to deforestation. Funds amounting to 1 billion U.S. dollars from Norway will be used for forest monitoring system and a pilot project under the auspices of the UN scheme to climate change, called REDD, or reduced emissions from deforestation and forest degradation. REDD scheme allows developing countries to earn money, provided

they are not allowed to destroy forests and must maintain peatlands. Because both of these are important elements to slow global warming.
In a news conference, Prime Minister of Norway Jens Stoltenberg explained: "What will happen now after the signing of this agreement is that we will mengimplemantasikan this agreement. The agreement is very specific. Because consist of three stages: first stage, we will build a special unit, which coordinates all efforts in Indonesia to reduce degradation and deforestation in Indonesia. This result is very important. Then Indonesia will build an independent system of monitoring and verification. This is no less important. For to enable us to obtain reliable data and monitoring systems that can also be relied upon. You can build the system up to the national scale and more comprehensive verification system building and supervision. "


This substantial funding will be governed by a reputable international financial institutions, based on international standards. Furthermore, the Norwegian Prime Minister Jens Stoltenberg to explain the mechanism of this agreement: "What will happen in the first phase is to prohibit the use of peat lands and illegal logging. In this first stage of the financial mechanism will be built between Norway and Indonesia, so it needs to be capacity-building resources. The second phase described in the memorandum of agreement, which is the most important is how the implementation in the region of Indonesia. We will agree in the province where this agreement will be implemented, to see how it can run smoothly. We'll see how we can work together and what we can achieve results and test the whole system. The third stage is a nationwide system. How do we shade, when fund it, and where we can achieve greenhouse gas emission reductions are substantial in Indonesia. "


Indonesia pledged to reduce greenhouse gas emissions to 26% by 2020. But with international funding, Indonesia promised emission reductions can be achieved by 41%. Answering the pessimism in the restructuring of forest in Indonesia, President Susilo Bambang Yudhoyono stressed the commitment of Indonesia to be monitored by monitoring the international community: "It is with the system and international standards, we can measure the true -really happened depreciation (emission). If there is no decline, certainly no paymentnya. "
Indonesia has the third largest forest area in the world and half the coverage of peatlands in the world. Unfortunately, Indonesia is also representing the largest emitters, due to deforestation and degradation of forests and peatlands. Each year, an average of more than one million hectares of forest cover disappeared. Therefore, Indonesia has become the main focus in forest protection.