5 Countries Join UN Environment Initiative

Argentina, Cambodia, Ecuador, Sri Lanka and Nepal have joined a

that aims to solicit up to USD30 billion a year from rich countries to help poorer ones reduce their emissions of greenhouse gasses. Dubbed Reducing Emissions from Deforestation and Forest Degradation in Developing Countries, the initiative focuses on addressing forest degradation and deforestation. It is a partnership of the U.N. Development Program, U.N. Environment Program and the Food and Agriculture Organization.

About the author

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    Ivy Mungcal

    As former senior staff writer, Ivy Mungcal contributed to several Devex publications. Her focus is on breaking news, and in particular on global aid reform and trends in the United States, Europe, the Caribbean, and the Americas. Before joining Devex in 2009, Ivy produced specialized content for U.S. and U.K.-based business websites.