Brazilian Ministry of Finance pushes back against critics of Tropical Forest Forever Facility

Critics have questioned the viability of the giant tropical forest fund launched by Brazil at last year’s COP in Belém. In this in-depth interview with Development Today, João Paulo de Resende, Undersecretary at Brazil’s Finance Ministry, dismisses the naysayers and explains how the concept has been modified. “The basic idea is to set up a bank to make a profit, but we will give the profit to the forest,” he says.