Brazil secures billions for tropical forest preservation fund

apnews.com

Brazil announced a $5.5 billion pledge for a fund to pay countries to preserve tropical forests. The Tropical Forests Forever Facility, President Lula's flagship project, aims to make forest preservation more lucrative than deforestation by leveraging debt investments. Norway pledged $3 billion, contingent on Brazil raising additional contributions. The fund plans to issue $25 billion in debt, aiming for a $125 billion pot to pay eligible nations for maintaining deforestation rates, with 20% allocated to Indigenous peoples.


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Brazil secures billions for tropical forest preservation fund | News Minimalist