Amazon countries, led by Brazil, sign a rainforest pact

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The Amazon rainforest is not only a haven of biodiversity but also plays an important role in the fight against climate change because it pulls huge amounts of planet-warming carbon dioxide out of the atmosphere and stores it away. Over the past half-century, around 17 per cent of the forest has been razed and an even bigger share severely degraded.

The expected announcement on Wednesday of further cooperation among other countries with most of the rest of the world’s rainforests could include efforts to increase access to financing from wealthier nations that would promote sustainable forest use.