World must pay poorer nations to keep forests: SternFri Mar 23, 2007 8:07AM EDT
By Ed Davies
JAKARTA (Reuters) - A major U.N. conference on global warming in December
should target setting up a system to pay developing nations such as Indonesia
and Brazil to keep their forests, an influential climate change expert said on
Friday.
In the short term, up to $15 billion extra a year should be set aside by richer
nations to preserve forests, which help soak up carbon dioxide from the
atmosphere, Nicholas Stern, author of an acclaimed report published last year,
told a forum.
The resort island of Bali will host climate change talks in December likely to
launch formal negotiations about extending the Kyoto Protocol after its first
period ends in 2012.
-snip-"I believe that one of the goals for the Bali conference should be to design a
supply side for emissions reduction from developing countries that can really
work on a big scale," said Stern, whose report in October argued it would be
much cheaper for the world to take action now on climate change than to
delay.
-snip-