Climate Deal Signals Forest Defense Will ‘Pay Off,’ Lobby Says
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The United Nations climate agreement may encourage billions of dollars of private investment in protecting forests by allowing for emissions savings to be more accurately measured, according to the Tropical Forest Group lobby.
A group of envoys representing 193 nations agreed on a plan to protect forests, known as Reducing Emissions from Deforestation and Forest Degradation, or REDD. Rates of tree-felling, or deforestation, will be measured and financing established for projects in developing nations that use plants to soak up carbon dioxide, the main greenhouse gas blamed for climate change.