Story perspectives

Brazil Unveils $250B Plan to Combat Deforestation at COP28

11/11/2025

Summary

Story summary

Brazil proposes a $250 billion Tropical Forests Forever Facility to incentivize 74 developing countries to curb deforestation, announced at COP28.
Brazilian officials report $5.5 billion in pledges, including $3 billion from Norway, with 20% for Indigenous communities.
President Luiz Inácio Lula da Silva launches Arc of Restoration to restore 60,000 square kilometers by 2030.
China and the United States did not attend the summit, underscoring divisions on climate action.

History

Historical Context

The 2014 New York Declaration on Forests aimed to halve global deforestation by 2020, reflecting ongoing international efforts to combat climate change. In Liberia, a 2014 agreement with Norway promised $150 million for forest protection, yet illegal logging and slash-and-burn agriculture continue to threaten biodiversity. The absence of major powers like China and the U.S. underscores geopolitical divisions in climate initiatives.

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Story summary

Brazil proposes a $250 billion Tropical Forests Forever Facility to incentivize 74 developing countries to curb deforestation, announced at COP28.
Brazilian officials report $5.5 billion in pledges, including $3 billion from Norway, with 20% for Indigenous communities.
President Luiz Inácio Lula da Silva launches Arc of Restoration to restore 60,000 square kilometers by 2030.
China and the United States did not attend the summit, underscoring divisions on climate action.

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