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Jakarta Post

RI risks businesses, forests with US$1b forest moratorium delay

  • Mustaqim Adamrah

    The Jakarta Post

Jakarta   /   Thu, January 6 2011   /  10:44 am

Indonesia missed the Jan. 1, 2011 targeted start of a two-year moratorium on forest-clearing, a major part of the US$1 billion letter of intent (LoI) it signed with Norway in Oslo last May.Activists say the delay will cause legal uncertainty for businesses, in addition to more damage to the environment and to Indonesia’s already bad environmental image in the international community.“Missing the targeted Jan. 1 start of the moratorium creates a bad perception of Indonesia’s stance on environmental issues at an international level because the President himself made that commitment,” leader for the non-governmental organization (NGO) Greenpeace Southeast Asia forest team Bustar Maitar said on Wednesday.“It also gives industries one legal uncertainty after another in doing businesses here.”Bustar said the Norwegian government, after pledging to give Indonesia US$1 billion in aid...