Word: indonesia
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...With schemes now proliferating across Indonesia and the globe, the U.N. estimates that REDD revenues could pump up to $30 billion a year into the developing world, promising much-needed revenue at a time when rich nations still haggle over how much money to give poorer countries to help them adapt to climate change. REDD will likely be part of any global climate pact negotiated in Copenhagen. "Everyone has got a lot of hope in REDD," says Joe Heffernan, an expert in environmental markets...
...Humans won't be the only animals to benefit. Clearing land for palm-oil plantations is Indonesia's leading cause of deforestation, says a 2007 U.N. report, with Sumatra, Kalimantan and Papua the three worst-affected provinces. Thanks largely to the global appetite for palm oil, which is found in everything from chocolate bars to biofuels, the natural habitat of endangered animals such as the orangutan and Borneo rhino shrinks further each year. REDD could save them, said a recent study of Kalimantan by researchers from the University of Queensland in Australia. They believe that the revenues generated by preserving...
...trained as a veterinarian and once worked for FFI. "He's one of the few Indonesian politicians who gets it," says Linkie. "He's thinking way beyond his five-year electoral term." In June 2007 Irwandi banned commercial logging in his province, "an unprecedented environmental act" for Indonesia, says Linkie. (See TIME's photo essay "Recovering From the Tsunami: One Year Later...
...That message is being heard across this vast archipelago and beyond. Indonesia alone has a dozen or more REDD projects. "It's this new fad - everyone needs to have one," says Linkie. "It's good that governors from other provinces are [saying], 'Must have a REDD project' rather than 'Let's log it all and convert it into oil palm.'" In partnership with the Australian investment bank Macquarie Group, FFI has six other REDD schemes: three in Indonesia and others in Cambodia, Ecuador and Liberia. Last month, governors Irwandi and Schwarzenegger joined 30 other subnational leaders - including a dozen other...
...Politics of Climate Change Greenpeace wants wealthy industrialized nations to pay into a U.N.-run REDD fund that would protect priority areas of deforestation in Indonesia, Congo and the Amazon. A $40 billion - a-year fund "could get us to zero deforestation by 2020 - globally," says Kessler. But will rich nations cough up that much? The U.S., the E.U. and Japan are all "willing to put money on the table" for REDD, he adds. "Just to put it into perspective, $40 billion is about a quarter of what the U.S. gave in bailout funds to one insurance company...