Huge dilemmas for forest deal in Brazil as Norway bets on Lula’s win
NewsOctober 20, 2022
/ By: Ann Danaiya Usher
The Norwegian Climate Ministry is hoping that a presidential win by Luiz Inácio Lula da Silva in Brazil will breathe new life into the Amazon Fund, which has been frozen for three years. But even if Lula returns, two obstacles remain: 1) deforestation in Brazil has increased so fast that the fund has stopped earning new money; and 2) Norway must reconcile its dual role as carbon exporter and climate champion.
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