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Copenhagen. Forest and peat industries are set to slash emissions in the next eleven years, Indonesian delegates revealed Thursday night, following speculation about how the country would meet its voluntarily commitment to cut back emissions by 26 percent before 2020.

Forestry emissions would be reduced by 13.3 percent, while peat would fall by 9.5 percent, with energy, transportation, waste and agriculture sectors also making minor emission reductions under Indonesia’s voluntary commitment.

President Susilo Bambang Yudhoyono reiterated a further commitment to reduce Indonesia’s emissions to 41 percent with additional international funding at the UN talks on Thursday. Delegates later revealed the main reductions would again be in forestry and peat emissions, a total 13.5 percent of the extra 15 percent reduction.

Reducing emissions by 41 percent would come at a cost of Rp 168.3 trillion ($17.8 billion), a government report obtained by the Jakarta Globe revealed. This would include Rp 85 trillion ($9.1 billion) required to reduce emissions by the extra 15 percent, a sum Indonesia earlier indicated it would seek from the international community.

Earlier on Thursday, Australia, France, Japan, Norway and Britain, along with the United States, pledged a $3.5 billion fund to kick-start the Reducing Emissions from Deforestation and Degradation scheme (REDD). It aims to encourage developing nations to preserve forests by measuring and giving an economic value to the carbon saved from deforestation. Under the scheme, the saved carbon will be sold as ‘credits’ to investors and industrialized nations with higher emissions.

“This will be good for the start, but of course we need more,” Wandojo Siswanto, the lead Indonesian negotiator for REDD, said.