According to the Botanic Gardens Conservation International, World Forestry Report published Wednesday, one-third of the forest wealth in Latin America and the Caribbean is under threat of extinction.
Argentina plans to put into orbit a satellite with new precision technology sometime this week, to monitor the felling of its native forests round the clock and accurately measure forest carbon stocks in a bid to help curb climate change, scientists said.
Korea’s POSCO major forestation project in Uruguay has been accredited by the United Nations as helping offset the steel-maker's huge carbon footprint. The Korean steel-maker registered the CDM (Clean Development Mechanism) business with the UN Framework Convention on Climate Change (UNFCC) to earn carbon credits through its afforestation project in Uruguay.