Breaking News-RTRS-Indonesia says degraded land key for palm expansion

YOGYAKARTA, Indonesia June 1 (Reuters) - Indonesia's palm oil industry can grow via acquisitions of six million hectares of degraded land across the archipelago, a government official said on Tuesday, in a bid to allay concerns of slowing expansion.
Planters in the world's largest palm oil producer are increasingly worried over Indonesia's plans to revoke forestry licences to palm oil firms as part of a $1 billion climate change deal signed with Norway.
Didiek Goenadi, a senior official with Indonesia Investment Coordinating Board, said forests and peatlands that hold large carbon reserves can still be preserved while giving planters an option to swap out to degraded land.