Thursday, March 8, 2012
South Korea and Indonesia Sign Agreement on Reforestation
The governments of South Korea and Indonesia have signed a memorandum of understanding (MOU) to undertake a major reforestation project in Indonesia over the next 10 years. The Korea Forest Service (KFS) has agreed to plant trees on 200,000 ha of degraded land in exchange for 100 million tons of carbon credits, all conducted within the REDD+ framework. Initial plantings will be carried out in Sumatran rainforest. This deal comes on the heels of a similar, recently announced agreement to promote reforestation in sub-Saharan Africa (see Hopeful Signs for Reforestation in Africa, 2/4).