An initiative led by Brazil will pay countries to preserve tropical forests
Luiz Claudio Marigo/Nature Picture Library/Alamy
At the COP30 climate summit in November, a group of countries led by Brazil will launch a bold new initiative that will pay tropical countries to maintain forest cover.
Instead of relying on donations or selling carbon credits, the Tropical Forests Forever Facility (TFFF) will raise money from investments, a radical approach that could generate billions in additional funding for nature, its proponents say.
“We need new ways to raise funds for…
