France has proposed that one fifth of the money raised for developing countries to deal with climate change is ring-fenced for the fight against deforestation and investments in forestry projects, for the next three year, in order to protectof natural forestry and mitigate climate change.
French president, Nicolas Sarkozy, spoke about the proposal at a recent meeting with President Luis Inacio Lula da Silva, according to Brazils Foreign Minister, Celso Amorim.
“The proposal of France, let’s see what comes out in Copenhagen,” said Amorim.
Also, the non-governmental organization World Wildlife Fund proposes the creation of an annual fund of $ 160 billion for a period of five years, with developing countries committing formally to combat climate change.
It is expected that resources will be announced by the industrialized countries as early as the Copenhagen climate conference this coming week. The British Prime Minister, Gordon Brown, has pledged $ 13 billion in three years for an environmental fund for developing countries.
Brazil believes that a global fund to protect forests that will also support national plans for reduction of greenhouse gases is required, the so-called Namas ( Nationally Appropriate Mitigation Actions).
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