France to pay Congo, Guinea $150m for forest protection
France agreed on Saturday to pay Papua New Guinea $100 million and the Republic of Congo $50 million to protect their forests.
President Emmanuel Macron said he hoped to conclude a similar $60 million deal with DR Congo as he announced the partnerships at the UN’s COP28 climate talks in Dubai.
“Nature is the best technology available to capture and store CO2,” he said, adding that “we have to remunerate countries when they actively protect these forests”.
The move comes a day after Brazilian President Luiz Inacio Lula da Silva appealed for the creation of a $250 billion fund to save tropical forests, which would pay 80 countries for their preservation efforts.
Zamfara: Bandits Allegedly Burn 13 Family Members Alive After Locking Them Inside Room By…
Lagos Summons DisCos, Regulators Over Persistent Power Outages, Seeks 24-Hour Electricity By Newstrends Correspondent…
‘My History Is Traceable’: Atiku Fires Back at Tinubu Over University Funding Former Vice-President Atiku…
Job Seeker Steals Bugatti CEO’s £2m Car After Finding Keys Inside A man who reportedly…
Netanyahu Faces Political Setback as Israeli President Picks Rival to Form Government Israeli President Isaac…
2027: Tinubu Challenges Atiku to Explain How He Financed University President Bola Ahmed Tinubu has…