Norway pledges billions for rainforest preservation

Parliament

Norway’s left-center government coalition and the opposition parties in Parliament have agreed to fund rainforest preservation efforts with 3 billion Norwegian krone (about $560 million) a year, the Norwegian daily Aftenposten reported on Sunday.

Norwegian Prime Minister Jens Stoltenberg discussed rainforest preservation just last week with his British counterpart Gordon Brown, who also promotes measures to preserve rainforests, the report said. It added that the proposal for Norway to fund rainforest preservation efforts came from both Friends of the Earth Norway and the Rainforest Foundation Norway and the opposition parties in the parliament included it in their negotiations for climate change measures. It remained unclear when the first funding allotment of the fund would be released, but opposition politicians from both the Conservative and the Liberal parties said they had fought hard for funding to begin next year, according to Aftenposten. The newspaper added that rainforest preservation is viewed as an important means of reducing carbon emissions, because it can halt the burning that often comes with deforestation. Some experts claim that stopping the destruction of the world’s rainforests is among the fastest, cheapest and most meaningful methods to reduce the amount of dangerous emissions into the atmosphere. (people.com.cn)

ADVERTISEMENT

Business confidence falls slightly in June Analysis

Business confidence falls slightly in June

Higher taxes 'toxic' for Hungarian economy - Orbán Government

Higher taxes 'toxic' for Hungarian economy - Orbán

Duncan Graham reelected as BCCH president Appointments

Duncan Graham reelected as BCCH president

Budapest launches revamped coupon card for visitors City

Budapest launches revamped coupon card for visitors

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.