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December 8 2012

Norway to pay Brazil $180 million for slowing deforestation


Norway has agreed to give $180 million to Brazil as part of a broader $1 billion deal for slowing deforestation in the Amazon rainforest, Oslo's environment minister said on Thursday.

Norway has promised $1 billion each to Brazil and Indonesia for protecting their tropical rainforests and warned Jakarta earlier this year that its progress in reforming its forestry sector will not be sufficient to meet its pledge to reduce carbon emissions by 26 percent by 2020.

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