EMEA > Africa > COP28: Brazil proposes global forest facility to mobilise billions from existing funds

COP28: Brazil proposes global forest facility to mobilise billions from existing funds

Published 12:48 on December 2, 2023 / Last updated at 16:25 on December 8, 2023 / / Americas (LATAM & Caribbean), Asia Pacific, EMEA (Africa), International (UN Climate Talks), Nature-based Carbon (Forestry), Net Zero Transition (Industrial Decarbonisation), Voluntary (VCM Governance)

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Brazil launched at COP28 on Friday its proposal for a global instrument dubbed the “Tropical Forest Forever Facility” aimed at mobilising $250 billion to protect standing tropical forests in up to 80 countries, with the UK also committing £35 million to protect the Amazon in the country.
Brazil launched at COP28 on Friday its proposal for a global instrument dubbed the “Tropical Forest Forever Facility” aimed at mobilising $250 billion to protect standing tropical forests in up to 80 countries, with the UK also committing £35 million to protect the Amazon in the country.


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