In 2010 Norway signed a $1 billion deal with Indonesia which aimed to reward the developing country for efforts that reduce deforestation, improve forest preservation, and cut carbon emissions. Home to the world’s third largest tropical forest, Indonesia is also the biggest producer of palm oil, which is linked to catastrophic deforestation and habitat destruction. Almost a decade after the deal, Norway will make the first payment for reduced emissions in response to falling deforestation rates in the Southeast Asian country. Primary forest loss in protected peat areas went down by 88 percent between 2016 and 2017, reaching the lowest level ever recorded. No details were provided on the payment amount, although green groups estimate the figure to be more than $20 million. This rewarding scheme serves as a great example of how such incentive mechanisms can work to create positive sustainable development in less developed countries that host some of the most biodiverse areas on our planet.
Norway to pay Indonesia for cutting emissions and reducing deforestation
More of Today's Solutions
Oslo’s quiet revolution: how electric construction sites are changing the game
BY THE OPTIMIST DAILY EDITORIAL TEAM Imagine walking past a bustling construction site and hearing… almost nothing. In Oslo, that’s becoming the new normal. ...
Read MoreDIY toothpaste: a simple, eco-friendly guide to sparkling teeth
BY THE OPTIMIST DAILY EDITORIAL TEAM Are you tired of reaching for the same old toothpaste tube every morning? Making your own toothpaste not ...
Read MoreThe Rockefeller Christmas Tree gets a charitable new life after the holidays
We once shared how a tiny owl was rescued from the branches of the Rockefeller Christmas Tree. Now we have more good news as ...
Read MoreRobot fish repairs itself with microplastics it collects
Microplastics are one of the most pervasive environmental and health issues of our time. And environmental engineers and researchers are working nonstop to address ...
Read More
