Peru awarded US$11mln grant for forest management
Lima, Sep. 06 (ANDINA). Peru has been awarded a US$11 million grant to help the country on the initiative of Reducing Emissions from Deforestation and Forest Degradation (REDD) for sustainable forest management.
Such mechanism involves the participation of local towns and native communities, the Directorate-General for Climate Change of the Environment Ministry noted.
The financing, which comes from the Gordon and Betty Moore Foundation as well as from the Forest Carbon Partnership Facility (FCPF) will initially ensure measures for three consecutive years.
Thus, the ministry will improve processes to support major initiatives nationally and internationally, such as the National Forest Conservation Program, which in July gave the first subsidies to native communities in Satipo.
Although Peru is considered as a country with low deforestation rates, there are threats to Peruvian forests that endanger national forest cover estimated at more than 73 million hectares.