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
California’s first wildfire-resilient neighborhood in Escondido
BY THE OPTIMIST DAILY EDITORIAL TEAM In response to California's escalating wildfire threat, homebuilder KB Home has launched what it calls the first "wildfire-resilient" ...
Read MoreSeize (back) the day: how to eliminate your top 3 time wasters
BY THE OPTIMIST DAILY EDITORIAL TEAM Even the most motivated individuals can feel the day slip away. Between scrolling through screens, impromptu meetings, and ...
Read More3 simple ways to promote longevity in your body
On a podcast from MindBodyGreen, Harvard geneticist David Sinclair explained that what drives the aging process is the lack of stress our bodies experience. ...
Read MoreThese microbes could help honey bees thrive
As we like to remind our readers a lot at The Optimist Daily, honeybees are essential for our planet's ecosystem. Humans rely on these ...
Read More
