The Tropical Forest Forever Facility turns one
Meant to pay countries for keeping forests standing, the fund has an interim charter, a board, a World Bank home … and insufficient funds The post The Tropical Forest Forever Facility turns one appeared first on Dialogue Earth .
The Tropical Forest Forever Facility (TFFF) marked its one-year anniversary after being introduced at COP30 in Brazil. While 65 countries have endorsed the initiative, only eight have pledged money, totaling USD 7.8 billion. However, the fund aims to reach USD 10 billion by the end of the year, contingent on Norway's USD 3 billion pledge.
Despite a USD 500 million contribution from the Netherlands, the fund remains short of its fundraising targets. The TFFF has established its governance structure, with the World Bank as trustee and host. It is expected to become operational in 2027, with first payments anticipated in 2028. Countries receiving payments would be those with standing forests, with at least 20% going towards Indigenous peoples and local communities.
The fund aims to generate income from financial markets, with governments and philanthropic groups providing long-term loans, while private investors add capital through bonds. Success depends on finalizing rules, including forest degradation monitoring, investment options, and sharing benefits with Indigenous communities.
Written by urgent.news from Dialogue Earth's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
