Indonesia wants to be paid $US5-$US20 ($A5.50-$A22.20) per hectare not to destroy its remaining forests, the environment minister says, for the first time giving an actual figure that he wants the world's rich countries to pay.
Participants from 189 countries are expected to gather in Bali for global climate talks at a UN-led summit in December.
They will hear a report on Reduced Emissions from Deforestation (RED) - a new scheme that aims to make emission cuts from forest areas eligible for global carbon trading.
But apart from carbon trading, Indonesia also wants big emitters such as the United States and the European Union to pay the country to preserve its pristine rainforests....MORE
And from the Guardian:
New money is last hope in battle to save rainforests
Climate-change economists believe that slowing the speed of rainforest destruction is the most cost-effective way to fight global warming. In his Treasury report into the economics of climate change last year, Sir Nicholas Stern said $5bn a year was needed to provide rainforest nations with funds to ensure what remained was kept intact. But many people say Stern is unduly optimistic and put the real price at $15bn....MORE