Indonesia will impose a moratorium on logging of natural forests and peatlands for two years. This new agreement reached during the visit of President Susilo Bambang Yudhoyono to Oslo, Norway.
Norwegian aid disbursed amounted to one billion dollars to rescue the forests and peat lands in Indonesia. Indonesia agreed to a moratorium on natural forest protection and turf for two years. The signing of new agreements for forest conservation project was witnessed by President Susilo Bambang Yudhoyono and Norwegian Prime Minister
Jens Stoltenberg.
Agreement in protecting degraded forests in Indonesia is a follow climate talks, business-related reduction of greenhouse gas emissions that cause global warming due to deforestation. Funds amounting to 1 billion U.S. dollars from Norway will be used for forest monitoring system and a pilot project under the auspices of the UN scheme to climate change, called
REDD, or reduced emissions from deforestation and
forest degradation. REDD scheme allows developing countries to earn money, provided
