G20 environment ministers endorse funding for forest conservation initiative in Brazil

Environment ministers from the G20 nations have agreed to support Brazil's proposal for a trust fund aimed at forest conservation. This initiative, called the Tropical Forests Forever Facility, will reward tropical forest countries for preserving their ecosystems. Unlike previous funding models that focused solely on reducing deforestation in Brazil, this new approach will benefit all tropical forest nations. It will provide financial support to local and Indigenous communities involved in conservation efforts. The ministers also discussed broader environmental issues, including climate change and biodiversity loss. They emphasized the need for increased funding and strategies to address these challenges, ahead of the upcoming G20 summit in November.