Indonesia Eyes Lead in Global South Forest Pact — SkimNews
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- Indonesia, Brazil and the Democratic Republic of Congo together hold more than half of the world's tropical rainforests
- At the 2022 G20 summit in Bali, hosted by Indonesia, the three countries pledged to cooperate on financing forest protection as part of a South-South cooperation initiative
Why it matters: Indonesia, Brazil and the DRC control the majority of the planet's tropical rainforest carbon sinks, and their joint pledge establishes a producer-country bloc in forest-finance talks that have historically been driven by wealthy donor nations. Coordinating the three could give the Global South unified leverage in setting payment-for-protection terms.
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