December 06, 2012
Norway's deposit pushed its total payments into the Amazon Fund to $670 million, making it by far the largest contributor to the voluntary fund. Norway has committed up to $1 billion by 2015 to the fund if Brazil meets its deforestation reduction targets.
Brazil is using the money to support programs to reduce deforestation, including incentives for ranchers and farmers to adopt "greener" practices, improved law enforcement, and better monitoring. Norway has pledged 3 billion krone ($530 million) per year toward global efforts to reduce deforestation. Other beneficiaries of its largess to date include Indonesia, Guyana, and Tanzania. Norway's payments are performance-based for reducing emissions from deforestation, but do not generate "credits" or "offsets".
Brazil has seen its annual deforestation rate plunge by more than 80 percent since 2004. While the government has taken a number of steps to reduce forest clearing, economic trends have helped create favorable conditions for slowing deforestation. However some civil society groups fear that new investments in roads, dams, and energy extraction could reverse some of the recent gains. They further argue that a relaxation of the country's Forest Code, which regulates forest conversion on private lands, could erode progress on cutting deforestation, which has tracked higher since this August after registering a 27 percent decline over the previous 12 months.
Brazil has the world's largest extent of tropical forest. Nearly two-thirds of the Amazon rainforest lies within its borders.
REDD+ negotiations in Doha at impasse, potentailly delaying decisions on safeguards another year
(12/03/2012) Negotiations over a program that would pay tropical countries for reducing greenhouse gas emissions from deforestation and degradation — or REDD+ — are stuck at an impasse over how emissions reductions would be verified, reports Ecosystem Marketplace. The disagreement, which has been characterized as a standoff between Brazil, which is potentially a beneficiary of REDD+, and Norway, which is the world's largest funder of tropical forest conservation, could push any final decisions on REDD+ out another year.
Brazil's deforestation at record low from 2011-2012
(11/27/2012) Deforestation in the Brazilian Amazon fell to the lowest rate since annual record-keeping began in 1988 according to provisional data released Tuesday by Brazil's National Space Research Agency (INPE). 1,798 square miles (4,656 square kilometers) of Amazon forest was chopped down during the 12 months ending July 31, 2012, 27 percent less than the year earlier period.