Finland is aiming to set up an scheme to produce renewable biomass energy from Indonesian forests next year, following in the footsteps of a lauded Norwegian agreement to tackle Indonesia's high deforestation.
Finland's scheme, with initial investment of four million euros, is small compared to the $1 billion pledged by Norway, but is a sign more countries may look to do bilateral deals if U.N. talks in Cancun fail to produce a global climate pact.
Australia said on Thursday it would increase its spending on climate change financing by giving Indonesia an additional $45 million for projects to reduce emissions from deforestation and degradation (REDD) and for climate change adaption.
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