The recent 18th Conference of the Parties to the United Nations Framework Convention on Climate Change once again failed to address global warming and its causes. One impasse among others was the issue of Reducing emissions from deforestation in developing countries or REDD. Annex 1 countries have expressed interest in financing REDD activities, but with third party international verification. Brazil, among other developing countries, has argued for external financing of REDD activities, but without external, international verification. This impasse prevented a breakthrough in negotiations.
Read the Government of Brazil's final statement here. Delegation of Brazil - Official Statement to COP18 Closing Plenary 08Dec12