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Developing Countries to Be Compensated to Protect Their Rain Forests
December 15, 2007 at 11:17 AM
Environmental Health
The cutting down of forests across the globe contributes a startling 20 percent of the world's annual greenhouse pollution through burning, gases released from deforested soil and smoldering peat, scientists say. By comparison, the U.S. share of greenhouse emissions is 24 percent of the world total.
"It's a landmark in bringing a large group of developing countries into active participation in reducing emissions," said Philip Clapp, deputy managing director of the Pew Environment Group, the conservation arm of the Pew charitable trusts in the United States. "It has the potential for first time to generate the kind of investment in forest protection that has been unavailable until now."
The precise ways that countries with large rain forests, like Indonesia and Brazil, will be compensated have not been fully worked out.
UN officials said that part of the financing would come from developed countries in the form of aid and that other funds will come from carbon credits - part of the system of incentives for reducing greenhouse gases mandated by the 1997 Kyoto Protocol.
Officials said that Indonesia rallied developing countries to support the deal which, until now, has been held up by disputes over how to assess the usefulness of rain forests in moderating global
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