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Norway (and others) did that for a while and they kind of got scammed. See, https://www.reuters.com/article/us-brazil-environment-norway-idUSKCN1V52C9 https://

• namelessUser 5y ago
  Norway, the biggest donor by far, has paid $1.2 bn over 10 years. In comparison, Brazil exported $35.2 bn of soybean products in 2020 alone. Seems like reneging on the deal is better from an economic perspective. The big issue is that developed countries need to pay far more money to stop other countries' deforestation, but it won't happen because the payments will affect QoL of those living in developed countries and humans are inherently selfish.