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Brazil to Launch $4 Billion Tropical Forest Financing Facility at COP30
28 Oct
Summary
- Brazil to launch Tropical Forest Forever Facility to value standing forests
- Facility aims to mobilize $4 billion per year for forest conservation
- Over 20% of funds to go directly to Indigenous Peoples and local communities
With the COP30 climate conference just a month away, Brazil, the host country, is taking a proactive approach to driving global climate action. One of the key initiatives they will unveil at the conference is the Tropical Forest Forever Facility (TFFF), a new $4 billion annual financing model designed to value standing forests as essential global assets.
The TFFF, which will be hosted by the World Bank, aims to mobilize a blend of public and private capital to support forest conservation efforts across more than 70 tropical forest countries. It will provide verified, performance-based payments to these nations for maintaining their forest cover, shifting the narrative from forests being seen as vulnerable spaces to being recognized as engines of development, resilience and climate stability.
Notably, the facility has committed that at least 20% of the national disbursements will go directly to Indigenous Peoples and local communities, acknowledging their critical role as stewards of the forest. The launch of the TFFF is expected to mark a turning point in global forest policy, as countries, investors, and civil society come together to protect this vital resource.
