Environment
Netherlands Announces Up to $500 million for Tropical Forests Forever Facility
The amount will go to the Brazil-led fund, which aims to reward countries for conserving tropical forests and is expected to launch in mid-2027.
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The essentials of this story
- What happened
- The Netherlands has pledged up to $500 million to the international tropical forest preservation fund.
- Who is affected
- Countries with tropical forests that engage in area conservation and the World Bank, which is responsible for managing the fund.
- What changes
- The fund, which aims to reach $125 billion, is expected to begin operations in mid-2027 to reward forest preservation.
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