Fires ravage Indonesian palm and pulp concessions
A new study reveals thousands of hectares burnt on Indonesian palm oil and pulpwood concessions during the recent fire season. Researchers highlight risks from degraded peatlands and inadequate fire management by listed firms.
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Wildfires scorched 2.88 million hectares across Indonesia through October, driving fire emissions to three times the seasonal average. The destruction surpassed the previous super-El Niño period in 2019 by 35%, fueled by extreme heat and land clearing. Financial institutions face mounting pressure to tie agricultural funding to strict fire prevention mandates.
