Alfian, The Jakarta Post, Jakarta | Tue, 11/17/2009 10:37 PM
Developed countries may provide US$25 billion in interim funds to help countries such as Indonesia develop forestry sector programs to help mitigate the impacts of climate change, a minister says.
The British Minister of State for Energy and Climate Change Joan Ruddock said Tuesday the fund would be used for forestry programs between 2010 and 2015.
“This week, we and many developed countries tried to determine how much interim funding could be provided,” Ruddock told The Jakarta Post after a meeting with Finance Minister Sri Mulyani Indrawati at the latter’s residence in Jakarta.
“The working group has said that this will probably be about US$25 billion for between 2010 and 2015. There would be a global fund,” she said.
Ruddock added that she had exchanged views with Mulyani on how to further ensure the funds were made available.
“From our side, we are working on trying to get this commitment. We ask Indonesia to work on plans that can show what Indonesia requires from the world community,” she said.
Indonesia is host to the world’s third-largest forested area with about 120 million hectares of rainforest. But the country also has the highest deforestation rate in the world with 1.08 million hectares lost to widespread illegal logging, forest fires and farmland conversion.
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