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Holiday-thinned Asia follows Wall Street lead

With a mid-week FOMC and holidays in Mainland China, Hong Kong, Australia and Macau, Asia appears content to gently mimic the price action seen on Wal

US, UK join Norway and Germany in effort to protect Peru s rainforests

by Mongabay.com on 4 June 2021 Britain and the United States have joined Norway and Germany in supporting efforts by the Peruvian government to reduce deforestation in the Peruvian Amazon. The U.S. and U.K. have signed on to the existing reducing emissions from deforestation and degradation (REDD+) program established in 2014 by Norway and Germany with the government of Peru. Norway and Germany have agreed to extend their participation in the program through 2025, pledging 1.8 billion Norwegian Krone ($215 million) and 210 million euros ($255 million), respectively, based on Peru’s progress in curbing deforestation. Deforestation in Peru has been trending upward since the mid-2010s, according to data from the World Resource Institute’s Global Forest Watch. Primary forest loss reached 190,000 hectares in 2020, the highest level since at least 2002.

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