Brazil hopes its flagship Tropical Forests Forever Facility will incentivize 74 forest-rich nations to keep their trees standing, backed by financing from wealthy countries and private investors. President Lula da Silva said the mechanism is expected to become a key outcome of the summit.
Breakdown
- France announced a $2.5 billion initiative to protect the Congo Basin forest. 7s
- Brazil revealed it has secured $5.5 billion for a fund to help developing nations preserve forests. 13s
- Speakers addressed the continued denial of scientific evidence regarding the climate crisis. 30s
- A recent statement by the U.S. president denying the climate crisis was criticized at the event. 36s
- Brazil's Tropical Forest Forever Facility aims to incentivize 74 forest-rich nations to conserve forests, with backing from wealthy nations and private investors. 48s