Study: Indonesia’s forest-clearing moratorium underdelivered — but so did donors

JAKARTA — An eight-year effort by Indonesia to protect its remaining forests contributed just 4% of its emissions reduction target, yet still yielded carbon savings worth far more than it was paid under a deal with Norway. That’s the finding from a new study, which calls for better carbon pricing and financing at the global level that more fairly reflects the global benefits of mitigating climate change from reducing deforestation. In 2011, then-President Susilo Bambang Yudhoyono instituted a moratorium on the clearing of primary forest and peatlands that hadn’t yet been allocated for plantati…

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