Today WRI releases a working paper that provides new information about Indonesia’s moratorium on new forest concessions. Our analysis concludes that the moratorium alone does not significantly contribute to Indonesia’s greenhouse gas emission reduction goal of 26 percent by 2020. However, the moratorium does support these goals in the long-term by “pausing” business-as-usual patterns to allow time for needed governance reforms.
In May 2010, Norway agreed to contribute up to $1 billion towards reducing deforestation and forest degradation and loss of peatland in Indonesia, which now account for more than 80 percent of the country’s greenhouse gas emissions. The “Letter of Intent” is a promising first step, yet the two countries must still settle key details of the agreement. Below is WRI’s analysis of the Letter of Intent and recommendations for what should be addressed next.