An Indigenous park guard on forest patrol in Suriname. A new funding mechanism aims to pay tropical countries like Suriname to keep trees standing and forests intact. Image by Rhett A. Butler/Mongabay.
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.”
U.N. Secretary-General António Guterres spoke at COP16 on Oct. 30: “Human activities have already altered three-quarters of Earth’s land surface and two-thirds of its waters. And no country, rich or poor, is immune to this devastation,” he said. “To survive, humanity must make peace with nature. We must transform our economic models — shifting our production and consumption to nature-positive practices. Renewable energy, sustainable supply chains and zero-waste policies are not optional. They must become the default option for both governments and businesses.” Image by Justin Catanoso for Mongabay.
This wrap up story from Cali, Colombia — an overview of the outcomes, good and bad, from the 16th United Nations Convention on Biodiversity (COP16) — started coming together on Thursday, Oct. 31, 2024, my last day at the summit. I focused on a half-dozen or so major issues, interviewed about that many sources one-on-one, attended several press conferences and generally took in the mood of the penultimate day of the two-week meeting.
By Saturday, November 2, after COP16 was gaveled to a premature close, the press releases started rolling in, as did WhatsApp messages from a variety of sources eager to weigh in with final thoughts. One comment from an event I covered days earlier stuck with me: delegates at this biodiversity COP need to celebrate positive outcomes, not simply wallow, however appropriately, in all the measures falling short.
“You can’t rally a constituency around dread and fear,” said Valerie Hickey, global director for the World Bank’s division on environment, natural resources and oceans.
So in consultation with my editor, I organized this story around highlighting what went right and almost- right before describing critical items that fell demoralizingly short. I ended by giving voice to an 27-year-old Indigenous woman from Chile — a courageous and outspoken advocate for human rights and the environment — whom I met by chance on a crowded shuttle bus one evening.
There were some legitimately promising outcomes from Cali, two of which center on regenerating pools of funding for conservation efforts throughout the tropical world. But overall, as one NGO leader from England put it: “The pace of COP16 negotiations did not reflect the urgency of the crisis we are facing.”
True enough, but the progress made is still welcomed. The problem is, so much more is needed in a vanishingly short amount of time to, at best, slow the rate of climate calamities and biodiversity extinctions around the world.
In the plenary hall, delegates from 177 nations debated the language and intent of the principles and rules guiding the global protection of forests, oceans and biodiversity. The meeting ended abruptly on Saturday, Nov. 2, when too many delegates had to leave to catch flights as COP16 ran past its designated end time. Negotiations are to resume at an unspecified date in Bangkok. Image by Justin Catanoso for Mongabay.
