MiscellaNews Tidbits
Saturday, November 3rd, 2007**On Global Warming
World Bank Carbon Fund sets up a facility for forest protection in poor countries. It would pay developing countries hundreds of million dollars and provide financial incentives to reduce greenhouse gas emission from deforestation. The facility has already attracted interest from more than a dozen developing countries including Indonesia, Brazil and several others in African Congo river basin. Deforestation contributes 20% of total greenhouse emission more than all the world’s cars, trucks, trains and airplanes combined.
Environmentalists, have encouraged the protection of tropical forests from cutting and burning which has contributed to the problem of climate change, the report said.
