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Deforestation has helped make Indonesia and Brazil the world's third- and fourth-largest carbon emitters, after China and the U.S. Britain's Prince Charles agreed that transparency was key in brokering a binding global climate agreement. "In this period of increased stringency, governments will need to know that every dollar made available will be spent wisely in order to avoid any unnecessary duplication," Charles said in a speech at the conference opening. The new agency would oversee individual agreements between countries to fight deforestation and educate local populations who live off forests
-- estimated at more than 1 billion worldwide -- to do so in a sustainable way. On Wednesday, Norway pledged $1 billion to a scheme that would pay Indonesia a fixed sum per ton of CO2 emissions reduced through rain forest preservation. Norway has had a similar deal with Brazil since the mid-1990s. Germany, France, Norway and four other countries have pledged $4 billion to finance REDD Plus itself through 2012
-- two-thirds the $6 billion Brazilian Environment Minister Carlos Minc said he hoped would be in place by the Oslo conference. Attending the one-day conference were heads of state from Denmark, Indonesia, Kenya and five other countries, along with officials from 44 other nations.
[Associated
Press;
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