7 December 2014
LIMA, Dec 7 (Reuters) - Eight Latin American countries on Sunday announced an initiative to restore 20 million hectares of degraded forest and farmland, seeking to use this land to store carbon in natural vegetation and cut emissions that cause global warming.
Argentina, Colombia, Chile, Costa Rica, Ecuador, Guatemala, Mexico and Peru and two regional conservationist programs joined the 20x20 Initiative that aims to have all the planned work in this huge area well under way by 2020.
The program will count initially with a funding of 365 million dollars from private investors, including Althelia Climate Fund, Moringa Fund, Permian Global, Terra Bella and Rare.
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