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UN agrees multi-billion dollar framework to tackle deforestation

2013-11-23 15:00:00| Climate Ark Climate Change & Global Warming Newsfeed

Reuters: U.N. negotiators on Friday agreed rules on financing forest projects in developing nations, paving the way for multi-billion dollar investments from governments, funding agencies and private firms in schemes to halt deforestation. The agreement on "results-based" funding for Reducing Emissions from Deforestation and Forest Degradation (REDD) was a rare breakthrough at the climate talks in Warsaw, where negotiators are struggling to make progress in discussions on emissions cuts and climate change...

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