New Funding for Climate and Forests Protection

In a boost for global efforts to combat climate change and tropical deforestation, Finland, Germany, and Norway have each announced new financial contributions totaling approximately US$180 million to the Forest Carbon Partnership Facility (FCPF), the World Bank administered facility that was set up to compensate developing countries for reductions in carbon dioxide emissions achieved by preserving their forests.

“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. “We are therefore very pleased with the continued commitment of the donor community to support FCPF’s groundbreaking work to curb forest loss.”

See full Press Release: http://www.worldbank.org/en/news/2013/01/10/new-funding-for-climate-forests-protection