Biden to pledge climate funds for deforestation and climate change in meeting with world leaders.

President Biden is set to pledge $500 million over five years to fight deforestation in Brazil, making the US one of the largest donors to the global Amazon Fund. However, the pledge would require approval from Congress, where Republicans are overwhelmingly opposed to international climate assistance. The Amazon Fund was established by Brazil in 2008 and has bankrolled efforts to curb deforestation in the world’s largest rainforest. The US is also expected to call on other countries to contribute to the fund.