Brazil’s Lula Pledges $1 Billion for Global Fund to Save Tropical Forests

In a bid to combat deforestation, Brazil's President Luiz Inácio Lula da Silva has pledged to contribute $1 billion to a global fund aimed at preserving tropical forests. This announcement was made during the COP27 climate summit, where Lula called on other nations to follow suit and commit funds to the initiative. The president emphasized the importance of protecting the Amazon rainforest, which is vital in regulating global climate and biodiversity. Lula stressed the need for international cooperation to address the issue, stating that no single country can solve the problem alone. The proposed global fund would channel resources towards efforts to curb deforestation and promote sustainable development in tropical regions. This initiative aligns with Lula's broader commitment to environmental protection and his pledge to achieve zero illegal deforestation in Brazil by 2030. The announcement comes as Brazil prepares to host the COP30 climate conference in 2025, and Lula's call for financial contributions is seen as a crucial step in rallying global support for forest conservation ahead of the event.