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World Bank to buy $63 mln in Costa Rican forest carbon credits

2013-09-13 12:43:00| Climate Ark Climate Change & Global Warming Newsfeed

Reuters: The World Bank's Carbon Fund signed a deal on Tuesday with the government of Costa Rica to buy up to $63 million worth of forest-based carbon credits, the bank said. The agreement will allow the Central American country to expand a local program that pays landowners for conserving forests to an additional area of 340,000 hectares. The final price for each credit will depend on negotiations that will be carried by the World Bank's Forest Carbon Partnership Facility (FCPF) with Costa Rica's officials,...

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