Canada is directing an initial commitment of as much as C$560 million over four years to Brazil and Norway's Tropical Forest Forever Facility (TFFF), which links payments for tropical forest conservation to verified results.
The pledge came on Nov. 15 while Prime Minister Mark Carney was in Manila for the Association of Southeast Asian Nations (ASEAN) Summit; earlier that day, he met Brazilian President Luiz Inácio Lula da Silva. The Canadian government's announcement gives the amount as $560 million but does not identify a currency; Reuters reported it as C$560 million, or US$392.5 million. Canada says the contribution is intended to help the facility start operating and attract capital from governments and private investors.
At least 20% of planned payments are earmarked for Indigenous Peoples and local communities. Once fully operational, the facility aims to conserve over one billion hectares of tropical forest each year in more than 70 countries. Canada says investment returns would fund payments to eligible countries based on verified conservation results.
The TFFF launched at the COP30 Leaders’ Summit in Belém, Brazil, in November 2025, with Brazil and Norway as co-leads, according to the Canadian government. Canada says the contribution also counts toward its goal of providing more than C$13 billion in climate-related support to developing countries by 2031.
Norway's government describes the proposed financing mix as low- or concessional-rate loans from sponsor countries alongside private-sector loans at market rates. It calls the TFFF the largest global rainforest-protection initiative since its International Forest and Climate Initiative began 18 years ago.
The COP30 Presidency reported about US$7.3 billion in sponsor commitments as of October 2026 and said no TFFF Forest Payments had been disbursed. Norway says mobilizing at least US$10 billion from sponsor countries by the end of 2026 is a condition for signing an agreement and disbursing funds.
