27 August 2014
Vientiane, August 25, 2014 – The Government of Lao PDR and the World Bank signed a grant agreement for US$ 3.6 million provided by the Forest Carbon Partnership Facility (FCPF). The grant aims to support the Government to develop a national strategy for the reduction of deforestation and forest degradation.
As approximately 12% of global greenhouse gases emissions come from deforestation and degradation, developing the means and strategic approach to save forests is critical for mitigating climate change, and Lao PDR is already experiencing the negative impacts of climate changes and loss of forests. This is especially important for Asia and the Pacific, where over 780 million hectares of forests are found, and approximately 9.5 million hectares of forests are in Lao PDR. The grant will support the Ministry of Agriculture and Forestry Department of Forestry, the Ministry of Natural Resources and Environment, and other stakeholders to improve sustainable forest management.
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