Last year, Indonesia and Norway signed the Oslo Pact, which will pay Indonesia up to US$1 billion to reduce carbon emissions by advancing forest-conservation initiatives. As part of the deal, Indonesia must halt the licensing of new agricultural plantations and logging concessions on peatlands and natural forest for two years. Clearing and logging must instead be directed to non-forest 'degraded' lands and to existing concessions. But the pact has a big loophole.
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