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. Amazon State Adopts Law To Promote Forest CO2 Abatement Projects

Brazil is the world's fourth leading producer of carbon dioxide -- the main greenhouse gas contributing to global warming -- with the problem exacerbated by deforestation due to logging, farming, livestock breeding and slash-and-burn farming by poor communities.
by Staff Writers
Manaus, Brazil (AFP) June 05, 2007
Brazil's sprawling Amazon state on Tuesday enacted the country's first law to fight global warming by selling carbon credits from communities that limit deforestation and environmental degradation. The law creates a "jungle fund" or "forest scholarship" that "rewards jungle communities for protecting their habitat and reducing deforestation," said Amazon Governor Edouardo Braga.

Under the scheme, countries and businesses with high levels of pollution can invest in the fund and receive carbon credits from local communities that agree to curb deforestation, Amazon Environmental Secretary Virgilio Viana told reporters.

He said the state, which accounts for one third of Brazil's vast Amazon jungle, hopes to build the fund to 300 million dollars, with 30 million a year going to some 60,000 families in the region by 2010. Currently 8,500 families are listed to benefit.

The law was welcomed by environmental groups who hoped it will "set a vital example" for Brazil's federal government to follow, said Greenpeace's regional director Paulo Adario.

Brazil is the world's fourth leading producer of carbon dioxide -- the main greenhouse gas contributing to global warming -- with the problem exacerbated by deforestation due to logging, farming, livestock breeding and slash-and-burn farming by poor communities.

Meanwhile Bolivia's Hydraulic and Hydrology Institute said Tuesday that global warming is taking a toll on the country's glaciers, with the vast Chacaltaya glacier melting fast enough to disappear by 2015.

The glacier, at the Argentina-Chile border, snakes through Bolivia, Peru and Ecuador providing thousands of communities with their only source of water.

Global warming is blamed for the loss of half of Bolivia's glaciers (80,000 hectares, or 20,000 acres) over the past 50 years, the institute said, warning of an impending water-shortage catastrophe in Bolivia's cities and poor farming communities.

Source: Agence France-Presse

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Powering The World in the 21st Century at Energy-Daily.com

Malaysia On Palmoil Charm Offensive In Europe
Brussels (AFP) June 06, 2007
Malaysia, a leading palm oil producer, sought Wednesday to dispel concerns in Europe that palm oil plantations endanger tropical forests. Malaysia and Indonesia are leading a campaign to fight environmentalist claims that the plantations destroy vast swathes of tropical forest, pushing endangered animals like the orangutan towards extinction.

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