Nations Seek Financial Rewards To Preserve Forests
2 December 2005 - 12:00pm
At a U.N. climate conference in Montreal, nations seek to earn carbon credits for projects that avoid deforestation.
"An old argument which provoked years of acrimonious debate following the Kyoto agreement is resurfacing here at the UN climate conference: should people be paid not to cut down trees?...Under the rules of Kyoto being confirmed at this conference, there is no mechanism to earn credits in the new carbon market through projects which avoid deforestation.
Companies can, however, contribute to their targets for cutting emissions by funding the reforestation of denuded areas, or the planting of entirely new forests."
Full Story:
Nations want cash not to fell trees
Source:
BBC, November 30, 2005
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