Norway gives 375 million euros a year to halt deforestation
Oslo (ANTARA News) - Norway will spend three billion kroner a year to
help prevent deforestation in developing countries, Prime Minister Jens
Stoltenberg said on Sunday.
"Norway is ready to increase its part in fighting deforestation in
developing countries to some three billion kroner (375 million euros,
548 million dollars) a year," Stoltenberg was quoted by AFP as saying
in a statement.
"This could yield significant and rapid reductions in carbon dioxide
emissions at a low cost," he said, adding that deforestation in
developing countries was responsible for about 20 percent of the
world's carbon dioxide emissions.
The Norwegian initiative is due to be announced this week at the climate change conference underway in Bali.
Government officials from about 190 nations are in Bali to lay the
groundwork for a new international initiative that will help combat the
threat posed by climate change after the current phase of the existing
treaty, the Kyoto Protocol, expires in 2012. (*) END