Lula’s victory in Brazil is a relief but it won’t solve the problem of globalised greed | The Secret Negotiator

It's great the new president is on the side of nature but no leader can succeed unless the Cop15 deal in Montreal is right on the money

We are a month away from Cop15 and money is on my mind. The election of President Lula da Silva in Brazil is good news for the chances of success in Montreal. But optimism must always consider reality: huge financial resources are needed to halt the destruction of the planet's ecosystems, and we are still very far from a credible plan for raising the necessary funds.

Across the globe, almost without exception, nature is worth more dead than alive. That is the unfortunate truth. There is not yet a mechanism for tilting the playing field in favour of biodiversity and the climate, something I am sure will come up frequently at Cop27, too. To change that, we need to tackle two key issues: rural poverty and globalised greed.