Indonesia terminates agreement with Norway on $1b REDD+ scheme

2021-09-10 14:36
JAKARTA — Indonesia has terminated a long-standing agreement with Norway, in which the latter agreed to pay US$1 billion if the forest-rich tropical country is able to slow its emissions from deforestation. The Indonesian government cited lack of progress in the payment as one of the reasons to terminate the agreement, enshrined in a Letter […]