BALI-important news from conference: the deforestation pact.

The media is reporting a lot of clearly implausible policies, but they are missing the most important news to come out of this conference: the deforestation pact.

 

20% of anthropogenic emissions are from deforestation – it's arguable the worst thing humanity has done for the planet.

 

A $300 million grant program will be created at the World Bank to assist developing countries with planting new trees. The real achievement was REDD: Reducing Emissions from Deforestation in Developing countries, a pay-and-preserve program.

 

"It is one of the substantial achievements of this conference," said EU Environmental Commissioner St...

 

And I would have to agree with the Commissioner