Hopes for Amazon

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24 Nov Posted by earthman in Environment

The Amazon, a fifth of which is already destroyed, accounts for more than half of the world's standing forest and an estimated 55 percent of Brazil's greenhouse gas emissions. A new scheme called Reducing Emissions from Deforestation and Degradation (REDD), if successful could be a potent tool to cut deforestation saving up to 20 percent of carbon emissions - more than all the world's cars, ships and planes combined. Banks, carbon-trading firms, and companies seeking to boost their green credentials are ramping up their interest ahead of Copenhagen, with estimates that REDD could bring in $16 billion a year for Brazil alone.
 
http://www.reuters.com/article/environmentNews/idUSTRE5AN05S20091124?feedType=RSS&feedName=environmentNews&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+reuters%2Fenvironment+%28News+%2F+US+%2F+Environment%29