New president of Brazil expected to join initiative at Cop27 covering a third of world’s forests
Rishi Sunak has pledged the UK’s continued support for conserving threatened forests around the world, through a funding programme covering a third of the world’s forests, at the Cop27 UN climate summit in Egypt.
Brazil is expected to join the initiative, under the incoming president Luiz Inácio Lula da Silva, and new funding from the public and private sector will take the spending for forest conservation above $20bn over the next five years. The moves form part of efforts to tackle emissions from land use, the second biggest driver of global heating, of which tropical deforestation is a significant component.
