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Indonesia Seeks $5 Billion to Cut CO2 From Deforestation

Indonesia needs about $5 billion in aid to hit its target for reducing emissions, according to the agency set up to protect rainforests and peatlands.

Norway’s commitment of $1 billion in 2010 is just the beginning of what is needed in Indonesia, ranked as the world’s third-largest emitter because of its shrinking forests, said Heru Prasetyo, head of the agency for Reducing Emissions From Deforestation and Forest Degradation, known as REDD+.