In a move that promotes both greenhouse gas emissions reductions and conservation efforts, new funding has been given to the Forest Carbon Partnership Facility (FCPF) by Finland, Germany, and Norway.
“Forests continue to be lost as efforts to get the world on a greener, low-carbon growth path struggle to increase in speed and scale to meet the climate challenges ahead,” said Rachel Kyte, World Bank Vice President for sustainable development.
The FCPF is a fund set up by the World Bank to compensate developing nations for implementing policies that protect forests. As large carbon stores, forests lock-in and ultimately reduce greenhouse gas emissions.
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