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Guyana to get forest funds

Published:Tuesday | November 10, 2009 | 12:45 PM

Guyana is to receive up to $250 million by 2015 from Norway to preserve forests as part of a scheme to slow climate change.



The Nordic State said it wants to help Guyana maintain forests that cover three-quarters of its land, but payments would be linked to performance.



Last year, Norway promised Brazil $1 billion under a similar agreement to protect the Amazon rainforest.



The Norwegian Environment Minister said saving the world’s remaining tropical forests is a crucial element in the battle against climate change.