Subscribe to our free daily newsletters
. Earth Science News .

Subscribe to our free daily newsletters

Norway spurs $400mn rainforest fund at Davos
by Staff Writers
Davos, Switzerland (AFP) Jan 19, 2017

Norway on Thursday said it will raise $400 million to encourage Brazil's farmers to stop destroying the rainforests, launching a fund also backed by food giants Unilever and Nestle.

Announced at the World Economic Forum in Davos, Switzerland, the plan is a major effort to reform harmful small-scale farming, which is one of the biggest drivers of deforestation in Brazil.

According to the WEF, about 2.3 million square kilometres of rainforest were cut down between 2000 and 2012, wiping out one of the world's only natural mechanisms to absorb greenhouses gases.

"The future of the planet depends on our common ability to both protect and restore forests at unprecedented scale," said Erna Solberg, Prime Minister of Norway in a statement.

Crucially, the fund is expected to help rainforest countries meet their commitments under the UN's Paris Climate Agreement, the landmark deal signed in 2015 to curb global warming.

"We applaud the fund as we are a strong believer in governments and companies working together to protect the environment while feeding the world," said Everton Lucero, Brazil's junior minister for Climate Change.

The fund will be launched with a commitment of $100 million from the Norwegian government, with plans that the private sector will help it reach $400 million by 2020.

Detergent to chocolate giant Unilever is the first corporate investor in the fund, promising $25 million over a five-year period. Carrefour, Marks & Spencer, Mars and Nestlé have also expressed their support.






Comment on this article using your Disqus, Facebook, Google or Twitter login.

Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.

SpaceDaily Contributor
$5 Billed Once

credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly

paypal only


Related Links
Forestry News - Global and Local News, Science and Application

Share this article via these popular social media networks DiggDigg RedditReddit GoogleGoogle

Previous Report
Trade-offs between economic growth and deforestation
Vienna, Austria (SPX) Jan 18, 2017
Economic growth in poor countries increases along with deforestation rates, but the effect disappears in wealthier economies, according to a new study published in the journal Scientific Reports. Although economic development has long been assumed to be a driver of deforestation, there has been little reliable data to support the theoretical link. In the new study, researchers combined sat ... read more

Death toll in botched Nigeria air strike soars to 70

Fukushima 'voluntary' evacuees to lose housing support

Brazil calls up army to quell prison violence

Nepal sacks quake reconstruction chief

How to inflate a hardened concrete shell with a weight of 80 tons

Theory lends transparency to how glass breaks

CO2, the philosopher's stone to obtain valuable pharmaceuticals

3-D printing could transform future membrane technology

How China is poised for marine fisheries reform

The global chain that produces your fish

Bay Area methane emissions may be double what we thought

Short-lived greenhouse gases cause centuries of sea-level rise

Tracking Antarctic adaptations in diatoms

Deep seafloor valleys found beneath West Antarctic glaciers

Inception of the last ice age

Ice cracks force shutdown of UK Antarctic station

Tiny plants with huge potential

Can the 'greening' be greener?

Europe urged to expand pesticide ban for bees' sake

Pressures from grazers hastens ecosystem collapse from drought

Deadly quake nightmare returns to haunt Italy

Triple-quake strikes reeling, snow-bound central Italy

New magma modeling aids search for copper

Modeling magma to find copper

I.Coast soldier killed as mutiny protests return

Uganda military denies Congolese rebels left camp

Gambia army chief says troops will not fight intervention

I.Coast rocked by protests as deadly army mutiny spreads

Fast and slow talkers share the same amount of information

Study explores why male baboons become domestic abusers

Baboons produce vocalizations comparable to vowels

Research sheds new light on high-altitude settlement in Tibet

Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News

The content herein, unless otherwise known to be public domain, are Copyright 1995-2017 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement