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Japan lends $120 million for Peruvian forests
Japan is lending $120 million (88 million euros) to Peru to enable the country to protect 55 million hectares of forests (nearly the equivalent area of France). This is done to stop the deforestation in the country by the next ten years.
To Ecoworldy, this initiative will store 20 million tons of carbon dioxide per year. I wonder if such an idea could be implemented on a larger scale. As an example, would the US pay for the protection of the Brazilian rainforest ?
I have been writing a lot lately on forests and ways to protect them. I hope they will be protected as they are an important issue of climate change mitigation.
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- Japan to spend $4 billion on climate change
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1 Comments
On August 13th, 2009
at 7:47 pm
[...] Meanwhile, Bangladesh is ready to invest billions in environmental protection and received $19 million from Germany and the United States for reforestation projects. Similarly Japan lent $120 million to Peru. [...]