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Reuters
Reuters
Business
By Michael Taylor

Analysis-Brazil's Lula hopes to unite rainforest nations, tap funding at COP27

FILE PHOTO: Brazil's former President and presidential candidate Luiz Inacio Lula da Silva reacts at an election night gathering on the day of the Brazilian presidential election run-off, in Sao Paulo, Brazil, October 30, 2022. REUTERS/Mariana Greif

A new alliance of rainforest nations - sought by Brazil's President-elect Luiz Inácio Lula da Silva - could be key to unlocking conservation funding and bolstering a flagging global forest pact at the COP27 climate summit, environmentalists say.

Before narrowly winning Brazil's run-off election vote on Oct. 30, Lula began reaching out to Indonesia and the Democratic Republic of Congo (DRC) about forming a united front of tropical forest countries, according to a top aide of the leftist leader.

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