NUSA DUA, Indonesia (Reuters) – The World Bank on Tuesday launched plans for a $300 million fund to fend off global warming by preserving forests, but protesters said it risked turning homes of indigenous people into an asset for the rich.
The new financing mechanism, launched at U.N. talks on tackling climate change, aims to turn better forest management into a tradeable commodity to try to halt destruction so rapid it accounts for around a fifth of annual carbon emissions.
“If we don’t focus on retaining the world’s remaining tropical forests, we drastically narrow the options for reducing greenhouse gas emissions,” World Bank President Robert Zoellick told the project’s launch.
If you enjoyed this article, please consider sharing it!
Noelle dEstries
Noelle d'Estries, an early GO employee who took on the varied roles of Community Manager, green celebrity blogger, and more. She currently runs worstcookever.com GO entered Noelle's life in February 2007 while she was burning tires in her backyard. A phone call from the green gods at GO, burnt out the fires. Now, Noelle happily wears her GO sweatshirt while eating organic veggies and asking for paper, not plastic. A regular at the local farmer's market, Noelle shuns raking leaves and lawn maintenance, while making gourmet foods constantly. When not staring at her computer screen, she spends time with her equally attractive dog, Tessa, cat, Tim and lover Paul. She currently holds all three point records at RIT and could eat avocados and drink wine for the rest of her life.
Click on a tab to select how you'd like to leave your comment
- Planetsave
