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Key Countries Partner to Reduce Deforestation Emissions
At the Oslo Climate and Forest Conference in Norway on Friday, over 50 developed and developing countries signed a “Reducing Emissions from Deforestation and Forest Degradation” (REDD) partnership, committing to spend over $4 billion in the next three years to reduce emissions from deforestation activities.
Many of the world’s leading NGO’s are part of the agreement, including the Environmental Defense Fund, Natural Resource Defense Council and the Union of Concerned Scientists. The groups lauded the agreement on Friday, believing that the new partnership could be a starting point for a post -2012 international climate agreement.