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Jakarta Post
The Jakarta Post
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DKI Jakarta, Indonesia
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RI, Norway to make LoI more binding

  • Adianto P. Simamora

    The Jakarta Post

Jakarta | Fri, September 17 2010 | 10:10 am

PREMIUM Indonesia and Norway are set to upgrade the level of the climate deal to bind the two countries in meeting their pledges to cut emissions amid protests from businesses who fear the deal would hamper investment.

Indonesia and Norway signed a letter of intent (LoI) on climate change in May with Oslo extending US$1 billion in funds in exchange for emission cuts from deforestation.

The L...