Norway Pays Brazil for Deforestation Cut Amid Verification Row
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Norway will contribute $180 million to Brazil’s Amazon Fund after the South American country reduced deforestation for a third year in a row, even as the countries disagree over who should measure carbon savings from forests.
Brazil reduced the rate at which forests are being lost by 27 percent from 2011 to 2012, according to a statement from Norway’s Environment Ministry. The rate of deforestation has fallen nearly 70 percent from historic levels, Norway said. Payments from the Scandinavian country now total $670 million, out of a total $1 billion pledged through 2015.