Mongabay: Brazil leads push for novel forest finance mechanism ahead of COP30 summit

Tropical forests like this one in the Peruvian Amazon could qualify for annual payments from the Tropical Forest Forever Facility (TFFF) to help keep them standing and delivering planetary ecosystem services — especially carbon sequestration that slows the rate of climate change. Image by Justin Catanoso

In this story, I revisit a promising initiative I first wrote about at the UN biodiversity meeting in Cali, Colombia, in October, 2024. At Climate Week 2025, Brazilian President Lula stepped forward to pledge the first $1 billion to a tropical forest protection fund unlike any other, as my sources have told me.

Highlights from my story, as summarized from my story by my editor, Glenn Scherer.

  • The Tropical Forest Forever Facility (TFFF) — a proposed $125 billion fund to conserve tropical forests worldwide — was developed by Brazil in 2023, and pushed forward in 2024 at the UN biodiversity summit in Colombia. Since then, momentum has built in support of this market-driven approach to conserving tropical forests.
  • Once fully established, the $125 billion fund would spin off as much a $4 billion in interest annually (above what is paid to investors), potentially going to more than 70 TFFF-eligible developing nations, which collectively hold more than one billion hectares of tropical forests. The fund could be operational before 2030.
  • At Climate Week in New York City on Sept 23, Brazilian President Luiz Inácio Lula da Silva announced that his country will invest the first $1 billion in the fund. Other nations, including China, Norway, the UK, Germany, Japan and Canada seem poised to contribute. Even oil producing nations like Saudi Arabia have shown interest.
  • But hurdles lie ahead: TIFFF needs $25 billion from sovereign nations and $100 billion from private investors before a full launch, with Indigenous and local communities (IPLCs) to be major benefactors. The make-or-break moment for TIFFF is expected to occur at the UN climate summit (COP30) in Belém, Brazil Nov. 10-21, 2025.
Marina Silva, Brazil’s minister of the environment and climate change, has been instrumental in TFFF development and was in New York City during Climate Week to discuss it with other environmental ministers. She is shown here in an Oct. 2024 meeting with journalists at the UN biodiversity summit in Cali, Colombia. Image by Justin Catanoso for Mongabay.