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Indonesia signs palm oil deal with Norway

Reuters reports that Indonesia's annual oil palm expansion may halve to 50,000 hectares from 2009 levels once a $1 billion climate change deal with Norway comes into effect next year. The government has promised land swaps for cancelling some forest concessions.

Reuters reports that Indonesia's annual oil palm expansion may halve to 50,000 hectares from 2009 levels once a $1 billion climate change deal with Norway comes into effect next year. The government has promised land swaps for cancelling some forest concessions.

You can read the Reuters article here and there’s more information on Mongabay hereGreenpeace has welcomed the announcement.

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