August 14, 2010

RI, Norway continue talks on gas emission reduction

Jakarta (ANTARA News) - The Indonesian and Norway governments will discuss the continuation of the one-billion-dollar gas emission reduction loan, a minister said.

"Yesterday`s meeting with the Norwegian ambassador in Indonesia was relating with the REDD (Reducing Emissions from Deforestation and Forest Degradation) Plus cooperation and on August 18-19 an envoy from Norway will come to further discussthe matter," said Indonesian Economic Coordinating Minister Hatta Rajasa here Friday.

The discussion was about the first loan disbursement of 30 million U.S. dollars now in preparation for realization in 2014.

"The first phase withdrawal was supposed to be 200 million US dollars, but it was finally agreed at 30 million US dollars, and we will make gradual withdrawals up to one billion US dollars," he said.

Besides loan terms and conditions discussions also covered appointing provinces for the pilot project, establishment of a consultative group and a credible and internationally standard financial institution.

In the Letter of Intent (LoI) signed on May 26, 2010 it is mentioned that the 200 million US dollars funding instrument will begin to be implemented in 2011 by the Norway government.

The document also mentioned about the launching of the Provincial REDD Plus pilot project which will start in January 2011, and to be continued in the second province in 2012.

As the LoI follow-up, the government will set up three supporting institutions namely financial institutions, MRV (measurement, reporting and verification) agency, and the REDD Plus agency.(*)

Source : http://antaranews.com/en/news/1281748356/ri-norway-continue-talks-on-gas-emission-reduction

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