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Brazil has proposed a new mechanism for conserving the world’s tropical rainforests. During a panel at the COP28 climate summit in Dubai, Brazilian Environment Minister Marina Silva and Finance Minister Fernando Haddad unveiled “Tropical Forests Forever,” which aims to raise $250 billion for efforts to protect and restore the world’s tropical forests. The funds, which […]
Brazil on Friday unveiled a proposal at the COP28 climate summit to set up a global fund to finance forest conservation that it hopes can raise $250 billion from sovereign wealth funds and other... -December 01, 2023 at 12:52 pm EST - MarketScreener
Brazil on Friday unveiled a proposal at the COP28 climate summit to set up a global fund to finance forest conservation that it hopes can raise $250 billion from sovereign wealth funds and other investors, including the oil industry. The proposal, presented at a panel during the meeting in Dubai, provides for funding to 80 countries that have tropical forests to help maintain their trees, with annual payments based on the hectares conserved or restored. The Brazilian government said the proposal, called "Tropical Forests Forever," aims to fill a gap that currently exists in financi...
DUBAI (Reuters) - Brazil on Friday unveiled a proposal at the COP28 climate summit to set up a global fund to finance forest conservation that it hope...
DUBAI (Reuters) - Brazil on Friday unveiled a proposal at the COP28 climate summit to set up a global fund to finance forest conservation that it hope...