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Deal to protect world’s rainforests draws to a close - $3.5B pledged

2009-12-17 14:01:03 (GMT) (Caymanmama.com - green News)

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The Daintree Rainforest in Queensland, Australia.

Seattle, Washington (CaymanMama.com) — The world’s rainforests are in danger of falling from their majesty, but with the help of the United States and five other countries, they may just stand a chance.

It was announced on Wednesday that negotiators are very close to finalizing a deal which will protect the rainforests with a pledge to spend $3.5 billion over the next three years to hinder their destruction.

The strategy is to lower and eventually reverse deforestation in developing countries, a critical element in the global climate changes which are being discussed at the U.N. conference in Copenhagen.

The deforestation (or cutting and clearing of rainforests) to make way for plantations or cattle pastures is the cause of nearly 20 percent of global emissions. That equals to the carbon dioxide emissions of all the world’s cars, trucks, trains, planes and ships put together.

According to the AP, “Progress on the proposal known as REDD, for Reducing Emissions from Deforestation and Degradation, has been hampered by a lack of funding commitments from developed countries. The nations with rainforests want billions more in commitments from wealthy nations.”

The U.S. pledged to contribute $1 billion from 2010 to 2012, with Australia, France, Japan, Norway and Britain contributing the remainder of the $3.5 billion.



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