By Chris Lang Indonesia has scrapped the US$1 billion REDD agreement with Norway. In a May 2010 Letter of Intent, Norway had agreed to pay Indonesia up to US$1 billion for reducing emissions from deforestation and forest degradation. Eleven years later, Norway has not transferred any “results-based” payments to Indonesia.
By Chris Lang Thomson Reuters Foundation recently reported that, “Norway is doubling the price it guarantees developing nations to keep their tropical forests standing, in a step to slow catastrophic losses and encourage big companies to invest far more in nature to combat climate change.”
By Chris Lang In September 2019, the President of the Republic of Congo, Dénis Sassou Nguesso, flew to Paris to meet Emmanuel Macron, France’s President. Macron signed a letter of intent committing US$65 million to the Central African Forest Initiative (CAFI) to protect the Republic of Congo’s forests.