The Netherlands commits up to $500 million to global tropical forest fund in coalition with Brazil, Norway and other major donors

The Dutch government is preparing one of its largest international climate-finance commitments in years, with plans to invest up to $500 million over the next decade in a new global fund designed to reward countries for preserving tropical forests. The move places The Hague among a growing coalition of governments backing an ambitious initiative championed by Brazilian President Lula da Silva, while also opening the door for Dutch institutional investors to participate in a fund that could eventually manage $125 billion.