One day was enough to breach the wheak Indonesian moratorium on forest conversion. Environmental Investigation Agency (EIA) and Its Partner Telapak documented peat forest conversion in Central Kalimantan by palm oil firm PT Sawit Perdana Menteng Jaya (Menteng PT). The on billion dollar agrement on a moratorium on Reducing Emissions from Deforestation and Forest Degradation (REDD +). Ironically, Norway owns 41 millions dollars in share in the PT Menteng ‘s parent company, Kuala Lumpur Kepong Berhad (KLK).
Caught in the new REDD Handed briefings, EIA and Telapak warn that regulatory chaos and cultures of impunity in Indonesia ‘s plantation sector poses a serious threat to the moratorium and Meaningful Any attempt to protect the nation’ s forests and reduce carbon Emissions .
While PT is Menteng already violating the moratorium, shows information from the Indonesian Authorities hundreds of plantations are operating beyond the law in Central Kalimantan alone, where illegal plantations Substantially outnumber legal ventures.
That research shows EIA Norway ‘s Government Pension Fund Global (GPFG) has investments in logging companies and scores of plantation in Indonesia, Including Four major groups operating 24 subsidiaries plantation without permits in the Central Kalimantan relavant pilot provinces.
EIA Estimates Norway has made roughly five times more money from logging and plantations in Indonesia and neighbouring countries During the past years -including illegal operations – than it has granted to Indonesia under the U.S. $ 1bn to REDD + letter of intent.
“Relying only on the moratorium and REDD money will not solve the problem of deforestation in Indonesia, and with such poor forest governance in this country to be aware of we should such as Norway which countries are able to take a profit from deforestation”added Hapsoro, of Telapak.