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Forest Conservation Pays Off in Costa Rica [Video]

A global leader in environmental conservation, Costa Rica has become the first country in Latin America and the Caribbean to receive payments from the World Bank’s Forest Carbon Partnership Facility for reducing carbon emissions from deforestation and forest degradation—commonly known as REDD+. Learn more: Costa Rica is the only tropical country to have reversed deforestation.00:18 Costa Rica and the World Bank’s Forest Carbon Partnership Facility00:36 The emissions reduction program includes an inclusive benefit sharing plan01:03 The agreement unlocks up to $60 million for results-based financing01:23 Developing countries can produce high integrity carbon creditsABOUT THE WORLD BANK GROUP 🌐 The World Bank Group is one of the world’s largest sources of funding and knowledge for low-income countries. Its five institutions share a commitment to reducing poverty, increasing shared prosperity, and promoting sustainable development.