Barclays Hails Brazil’s Forest Fund Success, Even at $5 Billion
The Tropical Forest Forever Facility is intended to incentivize conservation of global forests.
Photographer: Evaristo Sa/AFP/Getty ImagesEven though Brazil has only managed to attract roughly 20% of its original financing target for a new forest conservation fund, the initiative should be considered a success, according to Barclays Plc’s group head of sustainable and transition finance.