It’s always a pleasure to join the Mongabay podcast with my colleague Mike DiGirolamo, who is now based in Australia. He was interested in discussing, in part with me, the most significant story I reported from Colombia in October 2024 from the United Nations biodiversity summit, or COP16.
Here’s what Mike writes: The Brazilian government in 2023 announced a novel funding mechanism to incentivize forest preservation: the Tropical Forest Forever Facility (TFFF). In an episode of Mongabay’s weekly podcast Newscast, host Mike DiGirolamo explored what experts think about the TFFF, what it can do, and what it can’t.
Mongabay contributor Justin Catanoso, who has written previously about the new fund, also known as the Tropical Forest Finance Facility, told DiGirolamo a key component that makes it different is that the money is neither a loan nor a donation. Instead, it’s an investment fund, where the “investors get paid back first, and the money that is generated by the investments above what the investors get is what will be given to the tropical countries,” Catanoso said.
Charlotte Streck, co-founder of advisory firm Climate Focus, also joined the podcast. She told Mike that the TFFF “has great potential because it is put forward and supported by tropical rainforest countries.”