Amazon May Be Key To Cutting Greenhouse Gas Emissions
"Governors of the Brazilian Amazon's nine states are pushing the U.S. and other industrial nations to invest in projects under rules known as REDD -- or Reducing Emissions from Deforestation and Degradation -- that are being designed through the auspices of the United Nations.
Under pending legislation to cap greenhouse gases, the U.S. government would auction emission allowances, funneling as much as $3 billion from the annual proceeds into rain forest protection. U.S. companies facing carbon controls could meet part of their obligations by investing as much as $13 billion a year by 2020 to preserve forests."Source: LA Times, 02/22/2010