Indonesia and Australia launched a A$30 million project on Tuesday to fight deforestation in Sumatra as part of efforts to cut greenhouse gas emissions and boost a planned forest-carbon trading scheme.
The project, to target Sumatra's Jambi province that has suffered rapid deforestation, is the second joint venture between the neighbouring countries keen to learn how to save forests by giving local communities incentives to keep the trees standing.
Indonesia, like Brazil, is on the front line of efforts to curb deforestation that is a major contributor to mankind's greenhouse gas emissions that scientists blame for heating up the planet.
Australia and Indonesia are major supporters of a U.N.- backed scheme that could potentially channel billions of dollars to developing nations that preserve and enhance their forests.
Called reducing emissions from deforestation and degradation (REDD), developing countries would earn money from ...