19 May '11, 12pm

#Indonesia signs a two-year moratorium on new logging concessions, under a billion-dollar climate deal with Norway.

#Indonesia signs a two-year moratorium on new logging concessions, under a billion-dollar climate deal with Norway.

JAKARTA - Indonesian President Susilo Bambang Yudhoyono on Thursday signed a decree authorising a two-year moratorium on new logging concessions, under a billion-dollar climate deal with Norway. "He signed it this morning," Agus Purnomo, presidential advisor on climate change, told AFP. No details were immediately released about how the controversial moratorium would work in the massive archipelago, which is home to some of the world's last tracts of pristine jungle. Indonesia is often cited as the world's third biggest emitter of greenhouse gases blamed for global warming, mainly as a result of clearing forests for pulp or to make way for oil palm plantations. Yudhoyono agreed to implement a moratorium on new concessions in May last year in exchange for US$1 billion in funding from Norway, under a UN-backed scheme designed to pay developing countries to preserve forests. ...

Full article: http://www.channelnewsasia.com/stories/afp_asiapacific/vi...

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