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Brazil's Lula Puts Forward New Vision for Protecting the Amazon Rainforest
Lula's fund aims to pay over 70 developing countries to preserve tropical forests, generating $4 from private investors for every $1 contributed, promoting sustainable conservation.
- On Tuesday, Brazilian President Luiz Inácio Lula da Silva proposed the Tropical Forests Forever Fund to pay more than 70 developing countries to preserve forests.
- Framing the need, Lula said billions are required to address problems affecting people living in forest areas, while Lula's administration has worked to curb deforestation and lead COP30.
- The COP30 website describes a permanent trust fund that would generate about $4 from the private sector for every $1 contributed; Brazil has already invested $1 billion, with Germany, United Arab Emirates, France, Norway, and United Kingdom shaping the mechanism as likely first investors.
- Forests can generate income through tourism and carbon offsets, but Lula provided few implementation details on how the fund would operate.
- At the same time, Lula defended Petrobras's exploratory drilling near the Amazon's mouth, while activists and experts warned the Equatorial Margin deposit offshore Amapa risks leaks that could imperil mangroves and a coral reef.
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13 Articles
13 Articles
Associated Press News+12 Reposted by 12 other sources
Brazil's Lula puts forward new vision for protecting the Amazon rainforest
Brazil’s leader, President Luiz Inácio Lula da Silva, says he wants the future of the Amazon rainforest to be built around a major fund that will pay countries to keep their forests standing.
·United States
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Total News Sources13
Leaning Left4Leaning Right2Center7Last UpdatedBias Distribution54% Center
Bias Distribution
- 54% of the sources are Center
54% Center
L 31%
C 54%
15%
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