11 March 2008
Forests for Climate is a landmark proposal for an international funding mechanism to protect tropical forests. The mechanism would become part of the second phase of the Kyoto (post-2012) agreement on climate change. If countries commit to Forests for Climate, funding to protect tropical forests could become available as soon as 2009. It is estimated that halving emissions from deforestation will cost US $10-15 billion per year.2 Forests for Climate has the potential to raise these funds, and more.
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