WARSAW (Reuters) - U.N. negotiators on Friday agreed rules on financing forest projects in developing nations, paving the way for multi-billion dollar investments from governments, funding agencies and private firms in schemes to halt deforestation.
The agreement on "results-based" funding for Reducing Emissions from Deforestation and Forest Degradation (REDD) was a rare breakthrough at the climate talks in Warsaw, where negotiators are struggling to make progress in discussions on emissions cuts and climate change aid.
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