UK Will Not Invest in Brazilian Forest Fund Key to COP30

The UK will not be investing in a key fund meant to protect global rainforests that Brazil wants to launch at the climate summit COP30, according to a person familiar with the matter. Without British investment, it will be increasingly difficult for Brazil to meet its goal of raising at least $10 billion for the fund by next year.

The so-called Tropical Forest Forever Facility is Brazil’s signature initiative at the annual United Nations climate summit, which will begin later this week in the city of Belém, a gateway to the Amazon rainforest. The initial goal called for governments around the world to invest ...