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.
Category: Norway
“Payment for non-performance”: Norway pays Gabon US$17 million for increasing deforestation
Recently Gabon became the first African government to be paid for reducing emissions from deforestation and forest degradation. But deforestation increased.
Peru’s new REDD deal with Norway, Germany, the UK and the USA. Much ado about nothing
Peru’s new REDD deal involves no commitments of new money from Norway, Germany, the UK, or the USA.
The Green Gigaton Challenge: Bringing REDD back from the dead, using Norway’s oil money to “grease the wheels”
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.”
Oil, corruption and lies in the Republic of Congo
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.