Subsidies to industries that cause deforestation

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Brazil and Indonesia spent over 100 times more in subsidies to industries that cause deforestation than they received in international conservation aid to prevent it, according to a report by the Overseas Development Institute (ODI).

 

The two countries handed out over $40bn (£27bn) in subsidies to the palm oil, timber, soy, beef and biofuels sectors between 2009 and 2012 – 126 times more than the $346m they received to preserve their rainforests from the United Nations’ (UN) REDD+ scheme, mostly from Norway and Germany.

 

http://www.theguardian.com/environment/2015/mar/31/subsidies-to-industries-that-cause-deforestation-worth-100-times-more-than-aid-to-prevent-it?CMP=share_btn_tw