Results Based Contributions for Emission Reduction under MoU The Ministry of Environment and Forestry of Indonesia and the Ministry of Climate and Environment of Norway on 12 September 2022 have entered into a Memorandum of Understanding regarding Partnership in support of Indonesia’s efforts to reduce greenhouse gas emissions from forestry and other land use (the MoU). 

The agreement is to transfer USD 56 million results based contribution for verified reduced emissions from deforestation and forest degradation for the forest year 2016/2017. The report dated March 26 2020, stated that Indonesia’s net results of 11,230,924 t CO2-eq is verified to be awarded for the first Results Based Payment. The contribution will be the first emission reduction payment, in support of the Government of Indonesia’s achievement of its Nationally Determined Contribution (NDC) to the Paris Agreement and its Forestry and Other Land Use (FOLU) Net Sink 2030 ambition as implementation of the MoU. The money will be disbursed into the Indonesian Environment Fund (IEF) and be used in line with the MoU,
The implementing institution is the Indonesian Environment Fund under the Indonesian Ministry of Finance.