Indonesia Registers Provinces Under HFLD for Carbon Financing
What happened
Indonesia launched the TREES Concept document, an initiative spanning 38.6 million hectares across nine provinces to scale up carbon-based climate financing. Several provinces, including Riau and Jambi, and regions in Papua, were registered under the High Forest, Low Deforestation (HFLD) category for emission reduction.
From antaranews.com
Why it matters
The scheme aims to scale up carbon-based climate financing by registering large forest areas. The process requires documentation and verification to ensure that funding channels prevent double counting.
Indonesia is reporting administrative updates regarding provinces like Papua and North Maluku, alongside nutrition program developments.
From antaranews.com
Who's involved
- IndonesiaThe nation implementing the TREES Concept document and national carbon financing scheme
- RiauA province focusing on reducing emissions from deforestation and forest degradation
- JambiA province focusing on reducing emissions from deforestation and forest degradation
- North MalukuA province registered under the High Forest, Low Deforestation (HFLD) category
- PapuaA province registered under the High Forest, Low Deforestation (HFLD) category
- Highland PapuaA province registered under the High Forest, Low Deforestation (HFLD) category
- Southwest PapuaA province registered under the High Forest, Low Deforestation (HFLD) category
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- RiauSpeculative
Could gain access to carbon-based climate financing for emission reduction
- JambiSpeculative
Could gain access to carbon-based climate financing for emission reduction
- North MalukuSpeculative
Might gain access to carbon-based climate financing through HFLD registration
- PapuaSpeculative
May gain access to carbon-based climate financing through HFLD registration
- Highland PapuaSpeculative
Could gain access to carbon-based climate financing through HFLD registration
- Southwest PapuaSpeculative
Might gain access to carbon-based climate financing through HFLD registration
- IndonesiaSpeculative
Could see increased investment in domestic carbon project developers via the CarbonNex platform