Prince Charles: Rich countries should pay annual 'bills' to stop rainforest destruction

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Prince Charles has proposed paying developing nations an annual "utility bill" for protecting the rainforests.

Prince Charles has proposed paying developing nations an annual "utility bill" for protecting the rainforests.

In a speech in Indonesia, the Prince said the services provided by the rainforests such as storing carbon and generating rain water should be paid for.

He proposed the rich world could pay annual "bills" to stop destruction of the rainforest and eventually create a market for "rainforest bonds" to generate money for the cause.

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