Give the rainforests our word and bond

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Faced with a global credit crunch, the governments of the world are coming together to act with urgency. But faced with a far more serious climate crunch, we have yet to show our mettle.

Faced with a global credit crunch, the governments of the world are coming together to act with urgency. But faced with a far more serious climate crunch, we have yet to show our mettle.

If we are to prevent dangerous and unpredictable climate change, global greenhouse emissions must have peaked by 2015 and be cut by 50-80 per cent from 2000 levels by 2050. So how, in only seven years, can we reverse the gathering emissions momentum? A key part of the answer lies in the rainforests - and the Prince of Wales's Rainforest Project.

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Rainforests are critical because their destruction deals a double blow to our defence against climate change. Cutting them down damages the land's greatest carbon sink - trees are very efficient at sucking CO2 from the atmosphere. Not only that, deforestation releases more carbon dioxide into the atmosphere every year than all the world's cars, aircraft and ships combined.

With so much at stake it is right for the Prince of Wales to call for an emergency package to pay rainforest nations for the services they provide - natural carbon storage and rainfall, as well as their extraordinary biodiversity. The rich part of the world must help to create incentives so the forests are worth more alive than dead. It will be for those nations to shape their own plans but the rest of the world, which will share the environmental benefits, has a duty to support them.

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