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Norway | Government doubles price it will pay for tropical countries to protect rainforest

In its work to combat climate change by preserving the world’s rainforests, Norway has revamped its efforts by doubling the amount it pays countries to seek cleaner solutions, incentivizing them to stay away from more harmful land clearing-based industries.


The Norwegian government has pledged to pay less-industrialized nations $10 per ton of reduced carbon dioxide emissions accredited and verified under the ART TREES framework. The new price is double the previous set at $5, which is the current international norm.


https://news.mongabay.com/2020/12/norway-bumps-rate-to-protect-rainforests-amid-anticipated-u-s-climate-return/

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