The objectives for the fund are to reduce and eliminate illegal logging, to achieve poverty reduction through community-based forest management and to support reforms for reduced emissions from deforestation and degradation. The agreement was signed in February this year and runs until October 2010.
The fund will finance both government and civil society projects. Projects include implementing a European Union-Indonesia voluntary partnership agreement on forest law enforcement, governance and trade, legal reforms to reduce corruption, community-based forest management and strengthening local community foundations in six regions.