Fight Deforestation, World Bank International Fund Forms
Bank November 30th, 2010
The World Bank plans to establish an international fund of at least U.S. $ 250 million to combat deforestation which one cause of global warming, said the bank officials.
Of the bank’s target is a country that has a tropical rain forest area, Werner said a senior specialist engineer Kornexl in carbon finance unit.
The war against deforestation, is targeted to include countries in Latin America, Central Africa, and Southeast Asia, especially that absorb carbon-dioxide (CO2) in large numbers, such as Brazil, Congo, and Indonesia.
State target program will receive funds only after the assessed and verified to reduce carbon emissions, “he said.
Deforestation, which rose an average of five percent per decade, contributing 20 percent of total emissions of CO2 per year – or three billion tons of CO2, according to world bank report released last October.
“The developed countries (G8) asked us to design the facility (funding program), but this program we have done several times before,” said Kornexl. He said the World Bank officials hope to launch this program at the UN climate conference in Bali in December.
Bali conference is aimed to prepare a framework agreement for the success of the Kyoto Protocol, which ends in 2012.
Funding to combat deforestation program would include donors from the private and public, Kornexl said.
“The World Bank will not collect the money. The fund will be brought by investors and donors,” he said.
“Many companies are ready to invest in climate change activities and forestry, which are indicated by interests,” he said.
He said it would only declare the effectiveness of this program when we have something in common.
Forests provide 47 million jobs worldwide, according to WWF and covers 30-40% of the total land of the world.
