MANILA – Prime Minister Mark Carney says Canada is providing $540 million for an initiative to protect tropical rainforests,
The money is part of a $6 billion fund promised by Ottawa this spring in support for international climate finance.
The grant will last four years and is being co-led by Brazil and Norway.
It is meant to attract public and private investment for preserving biodiversity and supporting communities that rely on these ecosystems.
The prime minister is announcing the funding in a meeting with Brazilian President Luiz Inacio Lula da Silva in the Philippines, where it is currently Sunday morning.
Carney is in Manila attending a summit of the Association of Southeast Asian Nations, where Canada concluded negotiations for a trade deal with the Philippines.
This report by The Canadian Press was first published Nov. 14, 2026.
