"The three countries, home to more than half of the world’s tropical rainforests, have agreed to negotiate a “funding mechanism” for conservation."
"SHARM EL SHEIKH, Egypt — The three countries that are home to more than half of the world’s tropical rainforests — Brazil, Indonesia and the Democratic Republic of Congo — are pledging to work together to establish a “funding mechanism” that could help preserve the forests, which help regulate the Earth’s climate and sustain a variety of animals, plants, birds and insects.
The agreement, announced on Monday and signed by ministers from the three countries, said they would cooperate on sustainable management and conservation, restoration of critical ecosystems and creation of economies that would ensure the health of both the people and the forests.
The plan has no financial backing of its own and was more of a call to action than a strategy for how to achieve its goals."
Max Bearak and Manuela Andreoni report for the New York Times November 14, 2022.
SEE ALSO:
"Lula's COP27 Visit Seen As Restoring Brazil's Climate Credibility" (Reuters)
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