Brazil is one of the main countries where REDD projects are being developed
Nowadays, a lot of governments are making policies and breakthroughs for the preservation of its forest. For that reason, a lot of REDD projects are being developed all over the world.
REDD+ is an alternative mechanism that will help cut global carbon dioxide emissions in developing nations. Under the scheme, forested nations will receive financial incentives for protecting their forests. The plus (+) sign in the programs name refers to additional financial incentives given to countries that will launch projects to plant trees, conserve forest areas and boost carbon retention.
Brazil is one of the countries where a lot of REDD projects are developed, because the Amazon is one of the largest forest in the world. However, in other countries such as Indonesia lot initiatives have been established to protect its forests.
For example, the Indonesian government established Reducing Emissions from Deforestation and Forest Degradation (REDD+) Agency last year. It is crucial to help realize the government’s commitment to the reduction of CO2 emissions in Indonesia by 26 percent by 2020, and by 40 percent with international support. The commitment was announced by President Yudhoyono in October 2009 and received a positive response from the Government of Norway which later agreed to sign a Letter of Intent (LoI) with Indonesia on May 26, 2010, to provide assistance worth US$1 billion to Indonesia, based upon verified emissions reductions as part of the REDD+ plan.
So, Norway is very committed with the fight against climate change. The Norwegian Ministry of Climate and the Environment issued a statement saying “This historic move by the Government of Indonesia could help save the world’s third-largest stretch of tropical rainforests.”
The Norwegian government saw the decision as a move that kick-starts the second phase of the historic billion-dollar climate change agreement between Norway and Indonesia, one of the most aggressive efforts in the world to slash greenhouse gas emissions through the protection of Indonesia forests.