Ecuador continues to cut deforestation - rewarded with USD 18 million payment from Germany and Norway
(WorldNews Environment)

Ecuador has significantly reduced the loss of its natural forests in the last years. The governments of Norway and Germany today announced that they will reward Ecuador for reducing its carbon emissions from deforestation. In 2017 and 2018, Ecuador reduced deforestation by 30% compared to historical levels (2001-2014). The results-based payment totals USD 18 million and rewards 3.6 million tons of CO2 reduced in the years 2015/16 and 2017/18. The total emission reductions from reduced deforestation in this period was 42 million tons of CO2. Of today`s...