Financial Times FT.com

UK prince calls for agency to help forests

By Lisa Murray in Jakarta and Fiona Harvey in London

Published: November 3 2008 17:56 | Last updated: November 3 2008 17:56

Britain’s Prince Charles has called for the establishment of an international agency to issue long-term environmental bonds to provide emergency funding to rainforest nations and protect the world’s endangered forests.

During a visit to Indonesia on Monday, the Prince of Wales said the proceeds of such a fund would be used to reduce developing nations’ reliance on industries such as palm oil and logging, which lead to the destruction of forests.

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