Rich Nations Offer $3.5 Billion to Fight Deforestation

Alex Salkever
Updated

In what may be the first big news to come out of the contentious Copenhagen climate summit, six developed nations put their money on the table and made a big pledge to subsidize forest preservation. The U.S., Australia, Britain, France, Japan and Norway agreed to fund a program to stop deforestation, which is considered a major cause of global warming.

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