Norway pledges Amazon cash
Norway has donated $1 billion (£500 million) to help protect the Amazon rainforest, it has been reported.
Eco-friendly real estate investors considering Brazilian property could be interested to hear the Scandinavian nation has pledged the money over the course of the next seven years to help the Latin American country stop deforestation, according to Mercopress.
Brazilian officials have set up a new Amazon preservation fund, which hopes to raise $21 billion to protect nature reserves and persuade loggers and farmers to stop destroying trees, the reports states.
Norwegian prime minister Jens Stoltenberg is quoted by the news agency as telling reporters: "Efforts against deforestation may give us the largest, quickest and cheapest reductions in greenhouse gas emissions. Brazilian efforts against deforestation are therefore of vital importance if we shall succeed in our campaign against global warming."
According to Amazon-Rainforest.org, the Amazon is the biggest forest in the world and is the world’s last big space covered by tropical plants and animals.
