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Title: Brazil Proposes a New Type of Fund To Protect Tropical Forests

Link: https://news.slashdot.org/story/25/11/05/1441...

Brazil is set to announce Thursday the establishment of a multibillion-dollar
fund designed to pay countries to keep their tropical forests standing. The
Tropical Forest Forever Facility would deliver $4 billion per year to as many
as 74 countries that maintain their forest cover. The fund requires $25
billion from governments and philanthropies to begin operations. Private
investors would contribute the remaining $100 billion. Brazil has committed
$1 billion. Countries would receive around $4 per hectare of standing forest
after using satellite imagery to verify forests remain in place. Nations with
annual deforestation rates above 0.5% are ineligible for payouts. Indonesia,
which has rapidly lost forests to palm-oil cultivation and mining, cannot
participate. One-fifth of the payments are designated for forest communities.
The World Bank is managing the fund.

Read more of this story at Slashdot.

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