01 Apr '15, 4pm

Indonesia, Brazil subsidizing forest loss far more than REDD+ slows it

Indonesia, Brazil subsidizing forest loss far more than REDD+ slows it

Excavator working in a plantation with rainforest in the background in Sumatra. Photo by Rhett A. Butler. International aid to protect forests in Indonesia and Brazil pales in comparison to domestic subsidies for commodities driving deforestation there, according to a new report by United Kingdom-based think tank Overseas Development Institute (ODI). If the countries received an average of $1 billion each year via the Reducing Emissions from Deforestation and Forest Degradation (REDD+) scheme, their annual agricultural and biofuel subsidies for just four commodities associated with forest loss – palm oil and timber in Indonesia, soy and beef in Brazil – amounted to $41 billion. "As a result, these subsidies are likely to have a far more significant impact on private investment in activities that drive deforestation, than current REDD+ finance," says the report, titled "Sub...

Full article: http://news.mongabay.com/2015/0401-jacobson-deforestation...

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