DR Congo, Indonesia, PNG, Tanzania, Vietnam win REDD funding for forest conservation
mongabay.com, March 20, 2009
The United Nation's REDD Program has approved $18 million in support of forest conservation projects in five pilot countries: Democratic Republic of Congo, Indonesia, Papua New Guinea, Tanzania, and Viet Nam.
The UN-REDD Program — a collaboration between the Food and Agriculture Organization, the UN Development Programme and the UN Environment Programme — was launched to ensure that Reducing Emissions from Deforestation and forest Degradation (REDD) becomes part of a post-2012 framework on climate change. UN-REDD is providing funding to jumpstart projects in tropical countries that have prepared national REDD strategies. The World Bank is also supporting initial REDD projects via its Forest Carbon Partnership Facility.
Deforestation and degradation accounts for roughly 20 percent of greenhouse gas emissions, a source second only to electricity generation. Under a business-as-usual approach, tropical forest loss could release 87-130 billion tons of carbon into the atmosphere by 2100.
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