Australian Prime Minister and Indonesian President have signed Australian Indonesian Carbon Forest Partnership at Jakarta's State Palace after their first bilateral meeting. The partnership would help to curb CO2 emission in Indonesia, the world's third largest emitter, by fighting deforestation and promoting carbon market.
Australia has pledged 30 million Australian dollars to plant 100 million trees in Kalimantan, the biggest island in Indonesia. The fund would be used to restore 270,000 hectares of peatland, a key store of carbon.
Rapid deforestation by legal and illegal logging has made Indonesia one of the highest emitters of greenhouse gases blamed for global warming. Indonesian government has tried to boost its green credentials, for example by hosting the United Nations Climate Conference in December 2007, but corruption and poor law enforcement have hindered the progress.
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