Netherlands Pledges $500M for Forests

The Dutch government announced a pledge of up to $500 million over the next decade for a new international fund. The initiative aims to reward nations that actively preserve tropical forests using satellite monitoring.

FILE PHOTO: Herons are seen on the Piraiba river before a summit of Amazon rainforest nations, in Belem, Para state, Brazil August 6, 2023. REUTERS/Ueslei Marcelino/File Photo

The Netherlands pledged $500 million over the next decade to fund tropical forest preservation, joining a multi-nation coalition. The capital targets the new Tropical Forest Forever Facility, a public-private wealth fund scaling toward $125 billion. The initiative rewards participating nations for conservation, utilizing satellite monitoring to verify forest coverage.

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