The World Bank Pays Countries To Not Cut Down Forests

A World Bank led plan was announced today that puts a price tag on remaining forests in developing countries whose citizens use deforestation as a means of income. A $160 million dollar donation from wealthy countries and a U.S. environment group, The Nature Conservancy aims to assist 20 countries that complete a first step under the new Forest Carbon Partnership Facility (FCPF). They then would be eligible to a "Carbon Finance Fund" under which they would be financially compensated for the carbon emissions saved by preserving their forests.
"We must not lose another day when it comes to climate and forest protection. Forest protection must be a central element in a future agreement on climate change." said German Development Minister Heidemarie Wieczorek-Zeul in a statement.
Germany leads the front with the highest donation of $59 million dollars with Britain providing $30 million, the Netherlands contributing $22 million, Australia and Japan giving $10 million dollars each, France and Switzerland with $7 million dollars.
While the U.S. did not officially take part with the meetings in Bali, The Nature Conservancy did participate and donate, along with Denmark and Finland, a generous $5 million dollars. Source.