A bold new plan to protect tropical forests, which aims to raise $125 billion US and directly pay developing countries to halt deforestation, is taking shape at the COP30 UN climate conference in Brazil this week.

Brazil is leading the Tropical Forests Forever Facility , which will essentially reward countries that can limit deforestation in their territory, while also generating financing for clean energy in developing countries. The facility is a kind of investment fund, with capital put up by donor countries and the private sector.

“We really need to go from reducing deforestation to permanently protecting the tropical rainforests,” said Andreas Bjelland Eriksen, Norway's environment minister, in an interview with CBC News at COP30 in Belem, Brazil.

“The idea behind the TFFF is t

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