The Indonesian foreign ministry announced in a statement that the country terminated its deal with Norway due to the latter’s failure to compensate their efforts in reducing its greenhouse emissions.
The Letter of Intent on Reducing Greenhouse Gas Emissions from Deforestation and Forest Degradation (LoI on REDD+) was a pact between the governments of the Kingdom of Norway and the Republic of Indonesia signed in 2010, where Indonesia will receive funding from Norway for its efforts to inhibit its CO2 emissions, mainly from deforestation.
The Southeast Asian country also proudly shared its lowest rate of deforestation in the past 20 years and also its forest fire reduction.
Indonesia said in its termination that Norway failed to deliver on its promise despite Indonesia’s 11.2 million tons of CO2 emissions reduction in 2016/2017.
The termination was the conclusion of a series of inter-ministerial consultations of the two countries.
Norway’s capital, Oslo, expressed that its payments were moving well within the regulatory limits set by the two countries.
Norway’s International Climate and Forest Initiative said in a press statement that the country still pledges to support Indonesia’s efforts while Jakarta also said it would still be committed to reducing its greenhouse gas emissions.