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The Independent UK
The Independent UK
National
Mauricio Savarese and Isabel Debre

Brazil stumps up billions of dollars for its ambitious rainforest fund at UN climate summit

Brazil Elon Musk Luiz Inácio Lula da Silva Tesla Inc.
Brazil Marajo Island - (Copyright 2025 The Associated Press. All rights reserved)

Brazil on Thursday unveiled long-awaited details of a plan to pay countries to preserve their tropical forests and announced it had already drawn $5.5 billion in pledges.

The fund is President Luiz Inácio Lula da Silva's flagship project as he welcomes world leaders to the edge of the Amazon for the United Nations annual climate summit — an effort to draw attention and money to the imperiled rainforest crucial to curbing global warming.

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