Brazil Proposes a New Type of Fund To Protect Tropical Forests 18
Private investors would contribute the remaining $100 billion. Brazil has committed $1 billion. Countries would receive around $4 per hectare of standing forest after using satellite imagery to verify forests remain in place. Nations with annual deforestation rates above 0.5% are ineligible for payouts. Indonesia, which has rapidly lost forests to palm-oil cultivation and mining, cannot participate. One-fifth of the payments are designated for forest communities. The World Bank is managing the fund.