It could save the rainforests of Borneo, slow climate change and the international community backs it. But a plan to pay tropical countries not to chop down trees risks being discredited by opportunists even before it starts. A forest carbon market is emerging in anticipation of a UN climate deal in December in Copenhagen, expected to allow rich countries to pay to protect rainforests as a cheap alternative to cutting their own greenhouse gases.
Joanna Durbin
Cracks open in deal to save the planet
Submitted by cahn on 7 June, 2009 - 1:15pm- Andy White
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What did I say then?
BoJ urges use of funds to bail out banks | FT
Submitted by cahn on 27 October, 2008 - 1:13pmThe Bank of Japan on Thursday urged the government to use a ¥15,000bn ($125bn) emergency fund to bail out the country's banks - the first time it has sanctioned government access to the money and an admission that a crisis is pending. more
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