Tag Archives: WWF

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.

Mongabay: Real-world return on climate adaption investments wildly underestimated, report finds

In 2023, Brazilian officials and representatives from several other cities around the nation met for a workshop in Niterói, Rio de Janeiro state as part of the “Nature-Based Solutions Accelerator in Cities” project. Participants discussed ways for improving adaptation and nature-based solutions projects in order to better access climate finance. Image courtesy of Diego Padilha-Yantra Imagens/WRI Brasil.

When it comes to global finance for climate adaptation and resilience, the billions made available to vulnerable countries continues to fall hundreds of billions short of the actual need as climate catastrophes mount annually. In this story for Mongabay, I report on a novel, detailed study by World Resources Institute that is critically important to policymakers and finance leaders who gather at annual UN climate summits.

WRI economist Carter Brandon‘s team evaluated 320 adaptation and resilience grants in 12 mostly tropical countries totaling $133 billion in finance between 2014 and 2024. They found that for every $1 invested there was a return of more than $10 in value in unaccounted for benefits. This came in areas such as permanent infrastructure, job creation, risk management, public health improvements, lives saved, biodiversity protection. These benefits accrue whether or not they are counted or even recognized.

Brandon argues that finance institutions such as the World Bank, IMF and other major eco-financiers should consider these ancillary benefits as they evaluate future grant requests. He emphasized that countries, too, should better understand the full impact of the most effective adaptation and resilience projects and sharpen their finance requests. “What we now can see is that this investment is not only good for resilience,” Brandon told me, “but it’s also a really strong investment in development and public health.”

The Guandu water treatment plant in Nova Iguaçu, Brazil. The facility supplies water to more than 9 million people in Rio de Janeiro. Under the Cities4Forests initiative, WRI conducted a study on the benefits of natural infrastructure for water in five metropolitan regions, including Rio de Janeiro. By restoring forests and protecting watersheds upstream, the Rio de Janeiro project also helps reduce pollution, lower water treatment costs and secure long-term water quality. Image courtesy of Marizilda Cruppe/WRI Brasil.

Mongabay: @COP23 — Leaders vie for protection of ‘incredibly important’ African peatland

One of the largest peat formations in the world has been confirmed on the border of the Democratic Republic of Congo and the Republic of Congo. It's the size of New York State and is perhaps the world's largest carbon sink. Map by Mongabay.

One of the largest peat formations in the world has been confirmed on the border of the Democratic Republic of the Congo and the Republic of the Congo. It’s the size of New York State and is perhaps the world’s largest carbon sink. Map by Mongabay.

Mongabay has been covering the story of his enormous new finding of peatland in central Africa all year. Editor Morgan Erickson-Davis, who has been coordinating coverage, asked if I could get a follow-up story from COP23. With assistance from Dave McGlinchey, the communications director at Woods Hole Research Center, and Melanie Gade, a communications specialist with World Wildlife Fund, they both pointed me to the exact sources I needed. Morgan added in some insightful context.