SAO PAULO (AP) — Environment ministers of the Group of 20 nations agreed Thursday to support the creation of funding sources for ecosystem services, acknowledging Brazil's proposal to establish a trust fund for forest conservation. Read this article for free: Already have an account? To continue reading, please subscribe: * SAO PAULO (AP) — Environment ministers of the Group of 20 nations agreed Thursday to support the creation of funding sources for ecosystem services, acknowledging Brazil's proposal to establish a trust fund for forest conservation. Read unlimited articles for free today: Already have an account? SAO PAULO (AP) — Environment ministers of the Group of 20 nations agreed Thursday to support the creation of funding sources for ecosystem services, acknowledging Brazil’s proposal to establish a trust fund for forest conservation.
The Brazilian initiative, known as the Tropical Forests Forever Facility, would reward tropical forest countries for protecting critical biomes. Unlike the Amazon Fund, which rewards Brazil if it succeeds in reducing deforestation, the initiative would benefit all tropical forest nations based on the area preserved, paying local and Indigenous communities involved for maintaining ecosystems that “benefit everyone,” João Paulo Capobianco, executive secretary of Brazil’s Minister of the Environment, told journalists after the ministers’ meeting. The environment ministers of leading rich and developing countries assembled .
