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Environmental, Campaign & Website News > World Bank fund to pay for protecting forests

World Bank fund to pay for protecting forests

Date : 12th October 2007, Source : ENN



WASHINGTON (Reuters) - A new fund being developed by the World Bank would pay developing countries hundreds of millions of dollars for protecting and replanting tropical forests, which store huge amounts of carbon that causes climate change. The Forest Carbon Partnership Facility (FCPF) announced by the World Bank on Thursday, will be part of U.N. climate change negotiations in Bali in December to shape a global agreement for when the Kyoto Protocol expires in 2012.

http://www.enn.com/business/article/23829





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