Indonesia needs US$5b to reduce emissions

27 June 2014

JAKARTA, June 27 ― Indonesia needs about US$5 billion (RM16 billion) in aid to hit its target for reducing emissions, according to the agency set up to protect rainforests and peatlands.

“To assure successful REDD+ programmes, we can’t limit ourselves to the sole support from the Norwegian government,” Prasetyo said in June 25 interview. “We need to be open for new investors.”

Indonesia’s target is to cut greenhouse-gas emissions by 26 per cent using its own funds or as much as 41 per cent with international aid. That compares with projected emissions of 2.95 giga tonnes by 2020 if the nation takes no action. The nation started dozens of demonstration projects for REDD, a programme sponsored by the United Nations to measure the climate benefits of slowing deforestation and awarding credits based on each tonne of emissions prevented by saving forests or peatlands.

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