2021 was a tough year for environmental projects as the pandemic resulted in many countries having to redirect funds to fighting Covid and many of the economic fallouts from lockdowns.
But after successfully restoring about a quarter of its coastal mangroves, Indonesia has now reallocated funds again to recover 150,000 hectares of degraded forest areas in 2022. That puts the country back on track to complete this ambitious project by 2024 and significantly boost its carbon absorption.
And it all comes down to making a significant investment that could pay off very well in the future through carbon credits.
Reuters has a report that highlights some details about the financing.
“Last year, 34,911 hectares were restored at a cost of 690 billion rupiah ($48.07 million), but for 2022 the allocated budget should rise to 3.2 trillion rupiah, said Hartono, head of Peatland and mangrove restoration agency, speaking at the same briefing.”
In total, the project will recover 600,000 hectares that will also replenish biodiversity and provide safe homes to thousands of species of animals.
The long-term benefits of this project could also extend into eco-tourism, allowing visitors to see for themselves what these types of projects can achieve.
Chris is one of GreenCitizen’s writers who has been a long-time advocate of individual responsibility when it comes to the environment. He shares GreenCitizen's passion for making the world a better place every day of the year.
Indonesian Mangrove Forest Restoration Project Gains Traction
Chris Bolt | 2022-02-05 | Category : Conservation | 2 minutes read | 24 views
2021 was a tough year for environmental projects as the pandemic resulted in many countries having to redirect funds to fighting Covid and many of the economic fallouts from lockdowns.
But after successfully restoring about a quarter of its coastal mangroves, Indonesia has now reallocated funds again to recover 150,000 hectares of degraded forest areas in 2022. That puts the country back on track to complete this ambitious project by 2024 and significantly boost its carbon absorption.
And it all comes down to making a significant investment that could pay off very well in the future through carbon credits.
Reuters has a report that highlights some details about the financing.
In total, the project will recover 600,000 hectares that will also replenish biodiversity and provide safe homes to thousands of species of animals.
The long-term benefits of this project could also extend into eco-tourism, allowing visitors to see for themselves what these types of projects can achieve.
More inspiring green news similar to this:
Chris Bolt
Chris is one of GreenCitizen’s writers who has been a long-time advocate of individual responsibility when it comes to the environment. He shares GreenCitizen's passion for making the world a better place every day of the year.
Latest News
Trending on GreenCitizen
December-14-2021
Patriot Power Generator Review (2022): Worth Your Money?March-31-2022
Lithium-Ion Battery Recycling: The Complete GuideSeptember-02-2020
How to Build Your Own DIY Solar Generator?April-10-2022
44 Of The World’s Most Ethical Companies (Updated 2022)January-07-2022
10 Best Eco-Friendly Laundry Detergents (2022)May-05-2022
How To Use A Citric Acid Cleaner On Household ItemsJanuary-03-2022
How to Recycle VHS Tapes and Cassette Tapes: A Complete GuideDecember-28-2021
10 Best Solar Generators of 2022 with Advanced Buyer’s GuideMarch-15-2022
Jackery Explorer 1000 Watt Generator Review (2022)January-17-2021
EcoFlow Delta 1300 Review: Is It Worth It? (2022)Our Services
Category: Conservation, Environmental Policies, Green News