NORWAY HOPES TO INCREASE PAYMENTS TO BRAZIL AFTER AMAZON LOSS

12/11/2017

Annually, Norway makes payments to Brazil as part of a long-term program to curb loss of the Amazon rainforest to slow global warming. The main causes of forest loss are logging and making way for farms. Last year, Norway paid around $40 million to Brazil, a reduction of about 60% in the period from 2009 to 2016: the more deforestation, the less Brazil gets paid. Officials say that initial figures are showing that deforestation is slowing which would result in an increase in payment. For the full story see https://uk.reuters.com/article/uk-norway-brazil-amazon/norway-cuts-paym…