Brazil Pins Hope for Forests on Unlikely Savior: Wall Street

For the fight against climate change, the 1 billion hectares of tropical forests breathing in carbon dioxide across the planet are too big to fail. Now, Brazil is betting Wall Street will help keep them alive.

When it hosts the United Nations COP30 climate summit in November, Brazil aims to launch a $125 billion fund that seeks to harness the capital markets to pay countries to keep their forests standing. A nine-strong Brazilian delegation was recently in London to discuss the fund’s design with its sponsors and to meet with the banks, asset managers and insurers that might eventually participate.