Norway to complete $1 billion payment to Brazil for protecting Amazon

“Norway will make a final $100-million payment to Brazil this year to complete a $1-billion project that rewards a slowdown in forest loss in the Amazon basin, Norway’s Environment Ministry said on Tuesday.

Brazil had more than achieved a goal of reducing the rate of deforestation by 75 percent, the condition for the payments under an agreement for 2008-15 meant to protect the forest and slow climate change, it said.”

Read the Reuters article here

Read the OnEarth-NRDC article here

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