https://cop30.br/en/news-about-cop30/over-usd-5-5-billion-announced-for-tropical-forest-forever-facility-as-53-countries-endorse-the-historic-tfff-launch-declaration The TFFF is a historic paradigm shift in global efforts to protect and restore tropical forests, as the facility will address a market failure and recognize the value of, and pay for, the ecosystem services provided by tropical forests to the world. The TFFF creates an unprecedented global financial incentive to protect standing tropical forests, rather than destroying them.
" Today, at the COP30 Leader’s Summit, in Belém, the Tropical Forest Forever Facility was officially launched during a high-level event with leaders of more than thirty countries – both tropical forest nations and sponsor countries – and the UN Secretary-General to mark this milestone in global environmental finance.
Hosted by President Luiz Inácio Lula da Silva, the event featured the announcement of the TFFF Launch Declaration, which has already received endorsements from 53 countries, including 19 potential sovereign investors. It was a significant milestone for the TFFF and marks the beginning of a new era of global collaboration between public and private investment, driving permanent conservation strategies and strengthening partnerships worldwide to safeguard the most critical tropical ecosystems.
Norway committed USD 3 billion over the next ten years subject to specific conditions, Brazil and Indonesia reconfirmed their USD 1 billion commitments, Portugal committed USD 1 million, France indicated that, under specific conditions, they would consider committing up to 500 million Euros until 2030, the Netherlands committed USD 5 million for the secretariat, and Germany fully endorsed the TFFF, and stated that their financial commitment will be discussed tomorrow between President Lula and Chancellor Merz. In total, 34 tropical forest countries endorsed the TFFF Declaration, covering over 90% of the tropical forests in developing countries, including Indonesia, the Democratic Republic of Congo and China.
The TFFF is a historic paradigm shift in global efforts to protect and restore tropical forests, as the facility will address a market failure and recognize the value of, and pay for, the ecosystem services provided by tropical forests to the world. The TFFF creates an unprecedented global financial incentive to protect standing tropical forests, rather than destroying them.
https://cop30.br/en/news-about-cop30/over-usd-5-5-billion-announced-for-tropical-forest-forever-facility-as-53-countries-endorse-the-historic-tfff-launch-declaration