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Britain will not invest in a Brazilian-led fund for rainforests seen as key to the UN Cop30 climate summit to be attended by Sir Keir Starmer and other world leaders this week.

The UK had been considering support for the Tropical Forest Forever Facility but will not commit public money as Rachel Reeves grapples with balancing the books ahead of the Budget this month.

Cop30 host nation Brazil wants to launch the fund, which would provide financial backing to countries that commit to preserving tropical biomes, at this year’s summit in Belem.

Sir Keir will arrive in Br

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