Jul
25
Stoppin' the Choppin'
By Jodi LaMarco
The World Bank has proposed the creation of a $250 million fund that will offer carbon credits to developing countries for preventing deforestation.
Deforestation contributes to approximately 20 percent of the world’s CO2 emissions but is not considered under the Kyoto Protocol.
Kristalina Georgieva, strategy and operations director of the World Bank’s sustainable development unit said, "It means we can make a tree standing be as valuable as this tree being chopped down, to provide income to communities that would allow them to develop and have their needs met without chopping down the forest."
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