Reuters, 15/09 15:48 CET
OSLO (Reuters) – Norway will make a final
$100-million payment to Brazil this year to complete a $1-billion
project that rewards a slowdown in forest loss in the Amazon basin,
Norway’s Environment Ministry said on Tuesday.
Brazil had more than achieved a goal of reducing the rate
of deforestation by 75 percent, the condition for the payments under an
agreement for 2008-15 meant to protect the forest and slow climate
change, it said.
The remaining cash would be paid before a U.N. summit on
climate change in Paris in December, the ministry said. Since 2008,
Norway has paid about $900 million to Brazil’s Amazon Fund.
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Source: Euronews
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