Sustainable finance (public/private)/market mechanisms/carbon pricing
Indonesia already has a technical policy framework that can stimulate the local people’s economy (impacted by COVID-19), by enacting Ministry of Environment and Forestry Regulation No. P.70/2017 where civil society (especially people living around forests) will be able to access financing from REDD+ Result-Based Payment. This would also means that an Incentive Scheme has been prepared through MoEF Regulation no. P. 70/2017 *).
Meanwhile, details of activities will be available under the Investment Plan.
The purposes of the REDD + incentive scheme will include:
(1) Programs that can generate income
(2) forest patrol guards (incentives to physically protech the forest by patrolling).
*) MoEF Regulation No. 70/2017 : Procedures for Implementing Reducing Emissions from Deforestation and Forest Degradation, Role of Conservation, Sustainable Management of Forest and Enhancement of Forest Carbon Stocks (REDD +).
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