Economy & Business - October 2022

COLOMBIA: Petro proposes dollars for trees

At November’s United Nations Climate Change Conference (COP27) in Egypt, Colombia’s President Gustavo Petro will call for an international fund to help finance an ambitious plan to combat deforestation in the Andean nation. The idea is for the fund to provide those living in deforestation hotspots with a regular salary until alternative, more sustainable economic activities take hold and provide a longer-term source of income.

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