The launch of the Tropical Forests Forever Facility (TFFF) has been hailed as a landmark in global climate finance – a new model to protect tropical forests through long-term, market-backed funding. Managed by the World Bank, the plan will be a centrepiece at COP30 in Belém, Brazil, where expectations are running high. The fund seeks to raise US$125 billion, with developed countries contributing one-fifth of that amount, or roughly $25 billion, in seed capital to attract four times as much from private investors. If fully funded, it would create a $125 billion investment pool designed to generate up to $4 billion a year in payments to around 74 tropical and subtropical countries as an incentive for protecting their forests.
A new model for forest finance or just more debt? | Lowy Institute
