18 Sep '11, 10pm

Bonds for trees programme announced | Conservation | The Earth Times

Bonds for trees programme announced | Conservation | The Earth Times

The world's precious tropical forests are under constant threat and financial incentives may be the best way to protect them, according to a new coalition of conservation groups. Announced by the World Wide Fund for Nature (WWF), Climate Bonds Initiative (CBI) and the Global Canopy Programme (GCP), the initiative calls for governments to enhance forest conservation efforts by purchasing bonds to help fund existing conservation commitments and goals. The coalition views the bonds as a valuable tool that wealthier nations and private-sector contributors may use to increase their support for forest conservation, especially in less-industrialized countries, where public-sector financing of conservation efforts is often problematic. The coalition hopes its bonds initiative will allow governments to close the gap between financial commitments already in place, and efforts on the...

Full article: http://www.earthtimes.org/conservation/bonds-trees-progra...

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