Scheme aims to raise $125bn to invest in bonds, with returns used to reward countries that preserve their forests
As a battle-scarred veteran of the war against nature, Garo Batmanian has spent 45 years trying to defend the Amazon rainforest. For most of that time, the resistance he leads has been outfunded and outgunned by those who profit from destruction. The most Batmanian felt he could achieve was to slow the advance of the chainsaws and tractors.
But the director-general of Brazil’s forest service feels there could be a chance at the Cop30 climate summit in Belém, Brazil, next week, not just of an even fight, but perhaps a victory. There is one condition: world governments must rally behind an initiative being launched by the host nation – the Tropical Forest Forever Facility (TFFF).
Continue reading…Scheme aims to raise $125bn to invest in bonds, with returns used to reward countries that preserve their forestsAs a battle-scarred veteran of the war against nature, Garo Batmanian has spent 45 years trying to defend the Amazon rainforest. For most of that time, the resistance he leads has been outfunded and outgunned by those who profit from destruction. The most Batmanian felt he could achieve was to slow the advance of the chainsaws and tractors.But the director-general of Brazil’s forest service feels there could be a chance at the Cop30 climate summit in Belém, Brazil, next week, not just of an even fight, but perhaps a victory. There is one condition: world governments must rally behind an initiative being launched by the host nation – the Tropical Forest Forever Facility (TFFF). Continue reading…
