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Norway pays Rp 812.86 billion to Indonesia due to successful emission reduction

For the first time, Norwegian Government will pay 530 million of Norwegian Krone or about Rp 812.86 billion to the Government of Indonesia for its success in reducing carbon emissions as the cause of global warming. Indonesian Embassy in Oslo in its written statement received by Antara on   Sunday ( 05/7 ) stated that the money is payment based on the result  as the contents of the cooperation  of  Reducing Emissions from Deforestation and Forest Degradation (REDD). Related to the payment, Indonesian Ambassador to Norway, Todung Mulya Lubis at the same statement appreciated Norwegian support of carbon emission reduction in Indonesia.  

He welcomed the announcement of payment based on the result made by Norwegian Minister of Environment and Climate, Sveinung Rotevatn. Ambassador Todung explained that Indonesia and Norway have been cooperating in the environment sector over the last 10 years. His side met Minister Sveinung Rotevatn on June 17, 2020 and the Norwegian Government stated that Indonesia is an important partner in efforts to slowdown the impact of climate change and reduce the levels of greenhouse gases that affect global warming. It is expected that the cooperation will be increased continuously in the coming years.

The Norwegian government will pay Rp 812.86 billion in 2020 because the result of third-party verification has shown that Indonesia succeeded in reducing emissions by 11.2 million tons of Carbon Dioxide Equivalent (CO2eq) during 2016-2017. At this time, the world carbon market price was worth Rp 72.000 per ton.

The Norwegian Government in its official website mentioned Indonesia's achievements that support the control of climate change and global warming impacts. Therefore, the Norwegian Government is committed to paying for the result of emissions reductions of Indonesia in the next few years.

Read 326 times Last modified on Thursday, 09 July 2020 09:42