Green effort: A file photo of a man trying to put out a peatland fire in Mantangai, Kalimantan. The emissions reduction programme aims to protect 12.7 million hectares of rainforest and other biodiverse biomes in East Kalimantan. — AFP
The Environment and Forestry Ministry and the World Bank signed a deal on the Forest Carbon Partnership Facility (FCPF), which provides an additional opportunity for the government to receive payments in exchange for reducing carbon emissions.
Under the agreement on Friday, Indonesia will be eligible to receive up to US$110mil (RM447mil) for reducing carbon emissions from deforestation and forest degradation until 2025.
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