Indonesia has announced a two-year moratorium on rainforest logging in return for up to $1bn in aid from Norway, which will help preserve forests. Susilo Bambang Yudhoyono, Indonesia's president, made the announcement on a visit to Oslo, the Norwegian capital, on Wednesday. "We will ... conduct a moratorium for two years where we stop the conversion of peat land and of forest," Yudhoyono said at a joint press conference with Jens Stoltenberg, the Norwegian prime minister, a day before an international deforestation conference started in Oslo. The Norwegian aid to Indonesia will come from a fund that Oslo set up to fight deforestation around the world. Together with Brazil, Indonesia boasts one of the world's largest rain forests, which function as global "lungs" that convert carbon dioxide into oxygen. The country, however, also accounts for a large portion of the world's deforestation, especially on the islands of Sumatra and Borneo. According to Greenp