UN Deal to Attract State Funding for Forest Protection

9 December 2013

A U.N. deal on forest protection will attract more government funding to help poorer nations, but could fail to prevent a slump in the fledgling market for carbon credits from projects that cut emissions by slowing deforestation.

Almost 200 nations at U.N. talks in Warsaw last month agreed to fund the Reducing Emissions from Deforestation and Forest Degradation (REDD) program and took steps to ensure it will be part of a global pact to tackle climate change after 2020.

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