Common Contracts
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Finance and Resources Stream: Conservation Incentive Agreements Durban, South Africa, September 2003November 25th, 2003
Indonesia’s natural resources are a priority for conservation. Indonesia lies at the biodiversity bulls eye for marine species diversity. Its forest and coral reef ecosystems play a large role in supporting this diversity and contributing to the abundance of Indonesia’s natural resources. It is clear, however, that these resources are being exploited at unsustainable rates. In many regions, the forests and reefs have been virtually wiped out. Pressures on these resources range from regional to global issues such as urban encroachment and pollution to global climate change. A large factor contributing to the destruction of these resources, however, is their rampant over-extraction through legal, or more likely, illegal concessions and licenses granted to commercial interests. Logging companies, large multinationals or local cooperatives are destroying large swaths of forests across the archipelago. Similarly, large foreign fishing fleets and local destructive fishing practices are takin
