21 January 2009: The Centre for International Forestry Research (CIFOR), a member of the Consultative Group on International Agricultural Research (CGIAR), has released a paper titled “Financial governance and Indonesia’s Reforestation Fund during the Soeharto and post-Soeharto periods, 1989-2009.”
The paper describes Indonesia’s role as the largest carbon dioxide emitter from deforestation and its potential to contribute to climate change mitigation and raise revenues from a mechanism on reduced emissions from deforestation and forest degradation, including conservation, sustainable forest management (SFM) and stock enhancement (REDD+). It uses experiences from the management of Indonesia’s Reforestation Fund to understand challenges that could face financial management associated with a REDD+ mechanism. It highlights the need to build capacity to manage finances, strengthen institutional response to corruption, develop systems for monitoring, reporting and verification (MRV), revise policies to remove perverse incentives, and ensure equitable distribution of benefits. [The Report] [CIFOR Press Release]