The Jakarta Post
Indonesia will formally begin a two-year moratorium on forest and peatland conversions next year, paving the way for the country to receive a US$1 billion grant from Norway.
Forestry Minister Zulkifli Hasan said the government was preparing a new regulation in order to implement the forestry moratorium, which would effectively halt the issuance of new permits for primary forest and peatland conversions for two years.
“I hope we can issue the [Presidential decree] by the end of this month so we can officially implement the moratorium,” he told The Jakarta Post on Monday.
Zulkifli said the moratorium was part of the government’s efforts to reduce Indonesia’s greenhouse gas emissions to 26 percent by 2020, as targeted by the National Action Plan on Climate Change (RAN-GRK). “With the two-year moratorium we hope we can reach our target,” he said.