Results Based Contributions for Emission Reduction under MoU

About this project

The Ministry of Environment and Forestry of Indonesia and the Ministry of Climate and Environment of Norway on 12 September 2022 have entered into a Memorandum of Understanding regarding Partnership in support of Indonesia’s efforts to reduce greenhouse gas emissions from forestry and other land use (the MoU). The agreement is to transfer USD 56 million results based contribution for verified reduced emissions from deforestation and forest degradation for the forest year 2016/2017. The report dated March 26 2020, stated that Indonesia’s net results of 11,230,924 t CO2-eq is verified to be awarded for the first Results Based Payment. The contribution will be the first emission reduction payment, in support of the Government of Indonesia’s achievement of its Nationally Determined Contribution (NDC) to the Paris Agreement and its Forestry and Other Land Use (FOLU) Net Sink 2030 ambition as implementation of the MoU. The money will be disbursed into the Indonesian Environment Fund (IEF) and be used in line with the MoU, The implementing institution is the Indonesian Environment Fund under the Indonesian Ministry of Finance.

Goals

Sustainable Development Goals this project works towards

• 12Responsible Consumption and Production
• 13Climate Action
• 14Life Below Water
• 15Life on Land

Published by

Norad - Norwegian Agency for Development Cooperation · Government

Countries

Indonesia

Sectors

Environmental policy and administrative management

Focus

Environment · Main focusBiodiversity · Main focusClimate mitigation · Main focusDesertification · Also contributes

Funded by

Norwegian Government

Implemented by

Government of INDONESIA, Indonesia Ministry of Finance and Economic Development

Passes funds through

Norwegian Ministry of Foreign Affairs - Embassies

Published by Norad - Norwegian Agency for Development Cooperation to the International Aid Transparency Initiative (IATI), last updated 10 Dec 2024 and imported automatically. IATI identifier: NO-BRC-971277882-INS-22/0006.

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