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Climate talk finalises a deal to stop deforestation

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A deal has been reached at the climate talks in Bali to tackle green house emissions from deforestation. The deal has been agreed but is yet to be approved formally and this insists on the countries to start working on the groundwork program. Deforestation had been previously left out of the discussion on climate issue because it was difficult to say which tree is facing the most critical situation.

A plan of $300million from the World Bank Fund is proposed to pay for the forest surveys and other groundwork. But this scheme is being driven by developing countries and this will send them a sense of urgency over the issue. Kevein Conrod, executive director of the Coalition for Rainforest Nations and Papua New Guinea’s climate change envoy, is of the opinion that if this program catches the pace, it would almost change the direction of the carbon market.

Activists are of the opinion that the deal does not contain a commitment for biodiversity and also not offers to pay the poor countries for the existing forests. Mitchell said on this point that a new mechanism will have to be found out over this issue and if this works out it will be done. Also very important is to check the logging and deforestation in the countries outside the scheme.
Via:Reuters

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