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Brazilian President Luiz Inácio Lula da Silva has announced a landmark $1 billion investment in the Tropical Forests Forever Facility (TFFF), a global climate finance initiative designed to support the conservation of endangered tropical forests. Speaking at a United Nations event in New York, Lula confirmed that Brazil is the first nation to commit funding to the facility, which could become the country’s primary climate contribution at COP30, set to be hosted in Belém, in the heart of the Amazon, this November.
Lula emphasized Brazil’s leadership role, stating, “Brazil will lead by example. I invite all partners to put forward equally ambitious contributions so that the TFFF can become operational at COP30.” The announcement, initially reported by Reuters, is intended to encourage both developed and developing nations to contribute, bridging a long-standing divide over climate finance responsibilities.
Early reactions from global leaders suggest growing momentum for the fund. Razan Khalifa Al Mubarak, the UAE’s Special Envoy for Nature, praised Brazil’s initiative as a groundbreaking, Global South–led approach that positions developing countries at the forefront of climate finance. Similarly, Andreas Bjelland Eriksen, Norway’s Climate and Environment Minister, applauded Brazil’s early pledge and urged other nations to follow suit.
The TFFF has already received encouraging signals of support from countries including China, the United Kingdom, France, Germany, Singapore, and the United Arab Emirates. Policymakers aim to build the fund into a $125 billion global endowment. The structure envisions securing an initial $25 billion in contributions from governments and philanthropic organizations, which could then leverage an additional $100 billion in private-sector investments.
Managed as an endowment, the TFFF would provide annual stipends to tropical nations based on the extent of forest coverage they preserve. This mechanism directly links financial incentives to measurable conservation outcomes, making it one of the most innovative proposals in international climate policy.
With Brazil taking the lead, the TFFF could emerge as a pivotal instrument in global climate action, setting the stage for COP30 to deliver significant progress on forest preservation and sustainable development.
