JAKARTA Ecuador President Rafael Correa on
Monday expressed support for Indonesia's calls to have
developing nations compensated for preserving forests as part
of efforts to reduce greenhouse gases.
Correa said Ecuador and Indonesia, both home to some of the
world's richest biodiversity, had agreed to have a common
negotiation position at a U.N. climate change conference in
Bali next month.
"It is necessary to have a fairness principle in order to
face this kind of issue, I mean to compensate countries that
are providing this kind of good, environmental good, with high
value but without price," Correa told a news conference after a
meeting with President Susilo Bambang Yudhoyono in Jakarta.
"We are providing a very valuable good for human life," he
said, referring to the forests.
Ecuador has asked for financial compensation from
industrialized nation in exchange for forgoing the exploitation
of oil fields in the Amazon.
The Indonesian government says it must be given incentives,
including a payout of $5-$20 per hectare, to preserve its
forests. It also wants to negotiate a fixed price for other
forms of biodiversity, including coral reefs.
Indonesia has a total forest area of more than 225 million
acres, or about 10 percent of the world's remaining tropical
But the Southeast Asian country has already lost an
estimated 72 percent of its original frontier forests.
Participants from 189 countries are expected to gather in
the Indonesian resort island of Bali to discuss a new deal to
fight global warming. The existing pact, the Kyoto Protocol,
runs out in 2012.
(Reporting by Muklis Ali, writing by Ahmad Pathoni, editing
by Sugita Katyal)