China refuses to back Brazil’s crucial rainforest fund

China has reportedly declined, for the time being, to make a financial contribution to Brazil’s flagship rainforest protection mechanism, arguing that developed nations should take the lead in global climate financing. The position, reported by Brazil’s newspaper Folha de S. Paulo, frustrated hopes in Brasília that the world’s second-largest economy would become a major early backer of the Tropical Forests Forever Facility, or TFFF. Chinese negotiators told their Brazilian counterparts that...