25 November 2013
The World Bank, together with the UK, US and Norway, has launched a new BioCarbon Fund initiative to slow down deforestation through sustainable farming and landscape management.
The Initiative for Sustainable Forest Landscapes has been funded with $280m (£207m) – with up to $135m (£100m) coming from Norway, $120m (£89m) from the UK, and $25m (£18m) from the US.
The aim of the project is to protect forest landscapes, which play a crucial role in slowing down climate change as they capture carbon, through sustainable agriculture, forestry and livestock management across Africa, Asia and Latin America.
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