Follow us on Twitter Follow us on Facebook View our linked in profile View our RSS feeds
Your daily source for sustainable business & sustainable investor news.

(view sample issue)

This is an archived story. The information and any links may no longer be accurate.

08/05/2008 10:11 AM     print story email story  

Brazil Creates Fund To Preserve Amazon Rainforest News

Brazil created a fund this week that will raise money from developed nations for preserving the Amazon rainforest.

Environmentalists say the move is significant, because it is the first time the nation has officially recognized the link between conserving the rainforest and combating global climate change.

The fund aims to raise as much as $21 billion by 2021, according to an Associated Press story.

Deforestation in the Amazon releases an estimated 400 million tons of carbon dioxide into the atmospher each year. About 20% of the Amazon rainforest has already been lost to loggers, ranching and farming--an area equal in size to Western Europe.

In related news, an Australian study determine that untouched natural forests, such as the Amazon, store 60% more carbon dioxide than planted forests--three times more that previously estimated, according to a Reuters Report.

Reader Comments (0)

Add Your Comment

(Use any name, your real name is not required)
Type the characters you see in the picture below.

home |about us |contact us |advertise |feeds |privacy policy |disclosure

Compare Green Cars   |   Find Alternative Fueling Stations