Indonesia has committed to achieving net-zero deforestation by 2030 under a landmark agreement signed with Norway and Singapore, unlocking up to US$5 billion in results-based forest finance. The deal covers 125 million hectares of tropical forest — the third-largest tropical forest estate in the world.
Key Commitments
Under the agreement, Indonesia will implement a moratorium on new oil palm and timber plantations in primary forests, strengthen law enforcement against illegal logging, and expand community-based forest management to 20 million hectares. Satellite monitoring through the Global Forest Watch platform will provide independent verification of progress.
Singapore’s Role
Singapore will contribute US$500 million in climate finance and technical assistance, focusing on peatland restoration and fire prevention in Sumatra and Kalimantan. The investment is linked to Singapore’s carbon credit procurement strategy, with verified emission reductions available for purchase under Article 6 agreements.
Transboundary Haze
The deal is expected to significantly reduce transboundary haze pollution that has affected Singapore, Malaysia, and southern Thailand for decades. Indonesia’s 2015 forest fires caused an estimated US$16 billion in economic losses across the region and emitted more CO2 than the entire European Union over a two-month period.
Source: Ministry of Environment and Forestry Indonesia, Norwegian Ministry of Climate and Environment
发表回复