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Can this billion-dollar initiative save the world’s tropical forests? (Credit: Unsplash) This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Natalie Marchant, Writer, Formative Content A new public-private initiative will provide $1 billion in financing to countries that protect their tropical forests. The US, UK and Norwegian governments have teamed up with global businesses such as Amazon, GSK and Nestlé in an attempt to end deforestation. Destruction of primary rainforests increased by 12% from 2019 to 2020, with the world losing over 4.2 million hectares of forest cover last year. The LEAF Coalition will also benefit billions of people who depend on tropical forests for their livelihoods.

United statesFrance generalUnited kingdomBharrat jagdeoNatalie marchantSoutheast asiaKlaus schwabJeff bezosTropical forest allianceBoston consulting groupForum founderWorld economic forumEuropean stingWorld economicLowering emissionsAccelerating forest