30 Sep '11, 11am

U.S. and Indonesia Announce $28.5 Million Debt Swap To Protect Borneo’s Tropical Forests

JAKARTA, INDONESIA September 29, 2011 – The Nature Conservancy and World Wildlife Fund (WWF) are joining with the Indonesian and U.S. Governments today to sign a debt-for-nature swap agreement that will result in a new $28.5 million investment to help protect tropical forests in three districts of Kalimantan, Indonesian Borneo. The deal will create models for forest conservation and sustainable economic development in Borneo, the third-largest island in the world, home to unique species such as orangutans, gibbons, clouded leopards, “pygmy” elephants, hornbills, and up to 15,000 flowering plants. The districts of Berau and Kutai Barat in East Kalimantan Province and Kapuas Hulu in West Kalimantan Province each contain carbon-rich tropical forest and vast biodiversity under threat from unsustainable natural resource extraction. These forests can serve as examples of sustain...

Full article: http://www.worldwildlife.org/who/media/press/2011/WWFPres...

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The United States and Indonesian governments signed an agreement September 29, 2011 that will result in $28.5 million in f...

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