Source: Africa News

The World Bank is failing in its efforts to bring the Democratic Republic of Congo's rainforest logging industry under control, leading to negative implications for climate change, and rampant corruption, according to a new report.

Released on Wednesday by Greenpeace International in the run-up to the World Bank and International Monetary Fund Spring meetings this weekend, the report documents the extreme social and environmental damage caused by large-scale logging in the Democratic Republic of Congo (DRC).

Greenpeace says that up to 25 percent of greenhouse gas emissions comes from rainforest logging-related infrastructure and that by 2050, forest clearance in the DRC will release up to 34.4 billion tonnes of carbon dioxide -- equivalent to Britain's release of CO2 emissions over the past 60 years.

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Posted by pichu at April 16, 2007 5:11 PM