During UN’s climate Norway announced that they are donating NOK 76 million to a project that work on reestablishing tropical forests in countries like Indonesia.
On the 9th December the Norwegian Climate and Environment Minister Tine Sundtoft revealed that Norway is giving NOK 76 million to a project that aims restore forests in the tropics. Indonesia is one of the first countries the project plans to reestablish forests in .
“I am very happy to announce this new project. The last report from UN’s climate panel shows that we can’t reach the climate goals only by reducing emission. We have to increase the absorption of carbon and actively extract carbon from the atmosphere,” she said.
Compared to the amount of fossil fuels there is pumped out of Norwegian waters, this might seem light a modest investment though. According to Norwegian newspaper Aftonbladet in 2012 the Norwegian state earned NOK 395 billion from oil and gas production.