Britain pledges $149.3 million to reduce deforestation

Reuters    Translate This Article
12 December 2008

POZNAN, Poland (Reuters) - Britain's energy and climate change minister Ed Miliband will say on Friday that the government will give 100 million stg ($149.3 million) to help reduce the impacts of deforestation.

The funding will ensure that rainforest countries can develop and improve their infrastructure without negative effects on the environment.

Seventeen percent of all greenhouse gas emissions are caused by forestry and land use change, according to Miliband.

Miliband's comments, made available in advance, will be to the U.N. climate talks in Poznan, Poland, where about 100 environment ministers are working on details of a new treaty to fight global warming, replacing Kyoto, meant to be agreed by the end of next year.

Ministers gathered in Poznan said they would join forces to tackle deforestation and encourage conservation.

Some tropical foresting countries have been seeking public funding to protect their forests under a new climate treaty. But EU member states debated on Thursday whether to allow 'forest offsetting'—letting countries and companies compensate for excess emissions by funding tropical forest conservation.

(Reporting by Nina Chestney; Editing by William Hardy)

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