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In page Palm oil production in Indonesia:

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Forest fires often destroy high capacity carbon sinks, including old-growth rainforest and peatlands. In May 2011, Indonesia declared a moratorium on new logging contracts to help combat this. This appeared to be ineffective in the short-term, as the rate of deforestation continued to increase. By 2012, Indonesia had surpassed the rate of deforestation in Brazil, and become the fastest forest clearing nation in the world. However, it is unclear about the current comparative deforestation rates between Indonesia and Brazil because new political leadership in Brazil has recently increased deforestation dramatically.[citation needed]