In a landmark move to combat deforestation and climate change, Brazil unveiled its ambitious Tropical Forests Forever Facility on Thursday during the United Nations annual climate summit in Belem. The initiative, spearheaded by President Luiz Inácio Lula da Silva, aims to incentivize countries to preserve their tropical forests by offering financial rewards. The fund has already secured $5.5 billion in pledges, with Norway leading the charge with a $3 billion commitment.
Brazil stumps up billions of dollars for its ambitious rainforest fund at UN climate summit
