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Brazil's Lula Launches $5.5B Fund for Amazon Protection

11/9/2025

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Summary

Story summary

Luiz Inácio Lula da Silva, Brazilian President, announced the Tropical Forests Forever Fund to protect the Amazon.
The fund will replace donations with incentives for countries that preserve forests.
The initiative aims to balance environmental goals with economic needs and Indigenous benefits.
At COP30, Lula said the fund needs billions, with over $5.5 billion pledged.
Lula defended oil drilling near the Amazon, calling it essential for Brazil's economy.

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Story summary

Luiz Inácio Lula da Silva, Brazilian President, announced the Tropical Forests Forever Fund to protect the Amazon.
The fund will replace donations with incentives for countries that preserve forests.
The initiative aims to balance environmental goals with economic needs and Indigenous benefits.
At COP30, Lula said the fund needs billions, with over $5.5 billion pledged.
Lula defended oil drilling near the Amazon, calling it essential for Brazil's economy.