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The world’s new US$125 billion rainforest trust fund revives a 1990s idea – and shows its limits

By Nick Bernards, Associate Professor of Global Sustainable Development, University of Warwick

A US$125 billion rainforest fund is being hailed as a flagship announcement from the 2025 UN climate summit in Belém, Brazil. The goal is noble: this is essentially a trust fund that will pay countries to keep their tropical forests standing. But its core idea was tried 30 years ago, and the results weren’t great.

Brazilian president Luiz Inàcio Lula da Silva suggests…

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