Jakarta, Feb. 12 -- Indonesia's Forestry Ministry and Norway launched the fourth phase of the Community Fund for the Environment, allocating Rp7 billion to support efforts toward achieving the 2030 Forestry and Other Land Use (FOLU) Net Sink target.

At a press conference after meeting Norwegian International Development Minister Asmund Aukrust in Jakarta on Thursday, Forestry Minister Raja Juli Antoni praised bilateral cooperation, including support for Indonesia's FOLU Net Sink 2030 target through a results-based funding mechanism under the Indonesia-Norway partnership.

"This is the fourth of its kind: the launch of the Community Fund for the Environment," Antoni said.

The Community Fund for the Environment is a financing scheme for c...