19 Nov '11, 5pm

U.S. pledges $450 m to Indonesia for green economic growth via @mongabay

U.S. pledges $450 m to Indonesia for green economic growth mongabay.com November 19, 2011 Rainforest in Sumatra, Indonesia The U.S. government has pledged more than $450 million toward "green growth" in Indonesia, reports the State Department. Under the recently-signed Millennium Challenge Corporation (MCC) Compact for Indonesia, the Indonesian government will implement a $332.5 million "Green Prosperity Project" to "support environmentally sustainable economic growth through enhancing management of forests, peat lands, and other natural resources and deployment of renewable energy." The initiative includes support for rainforest and peatland conservation, coral reef protection efforts, better fisheries and coastal management, and air quality programs. The U.S. will contribute $6.9 million toward the Indonesia Climate Change Center (ICCC), which according to the State Depa...

Full article: http://news.mongabay.com/2011/1119-mcc_indonesia.html

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