Brazil To Propose Global Fund To Protect Rainforests - Guardian

[hatrack]

Plans for a global fund to help contain rainforest destruction and slash carbon emissions will be unveiled next month by the Brazilian government. The project, by which rich nations would offer financial incentives to developing countries that combat deforestation, will be announced at a November convention on climate change in Nairobi. Championed by Marina Silva, Brazil's environment minister, officials claim the fund would help protect tropical forests while giving a much-needed economic impetus to the developing world.

"It is a win-win situation," a Brazilian government source told the Guardian, describing the plans as Brazil's contribution to the global fight against climate change. "The climate wins, the developing countries win and those industrialised countries who will be fulfilling their obligations win." News of Brazil's proposals followed crossed swords with the British government, after the environment secretary, David Miliband, raised doubts over Brazil's capacity to protect the rainforest.

In an interview on October 1 Mr Miliband reportedly suggested creating an "international trust" to manage the world's largest tropical rainforest. The British government denied Mr Miliband's comments but they caused anger among Brazilians, many of whom are suspicious of foreign intervention in the Amazon. In a newspaper article entitled "The Amazon is not for sale", three senior Brazilian ministers this week championed the idea of an international fund and suggested that attempts to "privatise" the rainforest were an attack on the country's sovereignty. They added that "well-intentioned" outsiders were "ignorant of the reality of the Amazon rainforest" and should stick to trying to influence their own governments.

At least two foreign businessmen - Johan Eliasch, a Swedish sportswear tycoon, and Chinese timber magnate Lu Wei-Guang - have purchased large tracts of the Amazon in recent years, professing the desire to help cut deforestation and implement sustainable development.

EDIT

http://www.guardian.co.uk/international/story/0,,1926704,00.html

[nam78_two]

1. Good-k&r/nt

[sam sarrha]

2. finally, but there isnt much left..