World Bank plans international fund to fight deforestation - AFP

[Eugene]

Source: Agence France-Presse

World Bank plans international fund to fight deforestation

Mon Jun 11, 8:52 PM ET

WASHINGTON (AFP) - The World Bank is planning an
international fund of at least 250 million dollars to fight
deforestation, which contributes to global warming, a
bank official said Monday.

The targets for the fund are all countries that have
significant rain forests, Werner Kornexl, senior
technical specialist in the carbon finance unit, told
AFP.

That includes countries in Latin America, Central Africa
and Southeast Asia, especially but, mainly, significant
carbon-dioxide emitters such as Brazil, Congo and
Indonesia, he said.

The program "will be performance based, so a country
will only receive funds after it was measured and
verified that the emissions were reduced," said Kornexl.

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Read more: http://news.yahoo.com/s/afp/20070612/sc_afp/worldbankclimatewarmingforestry_070612005213