Plan to rescue the world's forests ...
Excerpt:
AUSTRALIA will form a global fund to fight illegal logging and forest destruction worldwide with the aim of halving the rate of deforestation and achieving greenhouse gas emission reductions 10 times greater than under the Kyoto Protocol. Along the lines of the AP6 Asia-Pacific climate pact, the $200 million Australian initiative will operate outside the Kyoto climate change protocol and will be funded by other developed nations to help developing nations preserve forests.
Germany, Britain and the US are expected soon to contribute to the fund, which will have Indonesia as its prime target. The UN has identified Indonesia as having the world's highest rate of forest clearing. Yesterday, British economist and climate change expert Nicholas Stern said Indonesia ranked third in the world as a greenhouse gas emitter, after the US and China, because of the destruction of forests....
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