Brazil to propose mega fund to conserve forests at COP28 climate summit

Brazil plans to propose a "huge" fund at the United Nations COP28 climate change summit in Dubai to pay for the conservation of tropical forests. This potential financing mechanism would be the latest in a proliferation of multilateral environmental funds. The funds funnel money from rich countries to poor developing nations that struggle to otherwise pay for their environmental efforts. Brazil is the world's largest rainforest nation and contains 60% of the Amazon jungle. It is vital to curbing climate change and protecting unique plant and animal species.