Draft:Tropical Forest Forever Facility
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The Tropical Forest Forever Facility (TFFF) is a proposed blended-finance mechanism to incentivise countries to prevent the deforestation and degradation of moist broadleaf forests.
The fund would use profits from capital market investments to provide results-based payments to rainforest countries.[1] The mechanism was proposed by the Brazilian government[2] with the aim of launching the facility at COP30 in Belem, Brazil in November 2025.[3]
History
[edit]A version of this fund concept was originally proposed by World Bank treasurer Kenneth Lay in the 2000s.[1] The mechanism, then called the Tropical Forest Finance Facility received broader attention through an article he co-wrote for The Center for Global Development.[4] The current iteration was announced at COP28 in Dubai, UAE in 2023 by Brazil’s Environment Minister Marina Silva and Finance Minister Fernando Haddad.[5]
Government Endorsements
[edit]The facility was endorsed by the governments of France[6], Germany[7], Colombia[7], the UAE[7], Malaysia[7] and Norway[7]. Germany and Norway, are amongst the largest donors for tropical forest conservation, along with the UK.[8] [9]
During a visit to Brazil in December 2024, then U.S. President Biden endorsed the TFFF.[10]
Technical Advisors
[edit]The World Bank, the U.N. Development Programme, the Organization for Economic Cooperation and Development, as well as the Wildlife Conservation Society, Conservation International, the World Wide Fund for Nature, and Campaign for Nature are technical advisers to the TFFF.[3]
Proposed structure
[edit]The program would consist of two primary institutions, the TFFF and the Tropical Forest Investment Facility (TFIF).[3]
The TFIF is to be a $125 billion fund, constituted through a mix of public and private investments hosted at a Multilateral Development Bank.[11] These funds are to be invested in predominantly global south sovereign bonds. The profits from the fund, after interest payments to the investors, would be dispersed to the TFFF.
The TFFF uses the funds to reward countries for protecting those forests.
To be eligible to receive funds, a country must:
- Have tropical moist broadleaf forests
- A deforestation rate below 0.5%[1]
- Not be a high-income country (as classified by UNCTAD)
Rainforest countries would receive US$4 for every hectare of intact forest as budget contributions, with deductions made for deforestation and forest degradation.[12] 20% of total disbursements are to be passed along to "indigenous peoples and local communities".[3]
References
[edit]- ^ a b c Andreoni, Manuela (2024-10-03). "An 'Elegant' Idea Could Pay Billions to Protect Trees". The New York Times. ISSN 0362-4331. Retrieved 2025-04-01.
- ^ Chase-Lubitz, Jesse (2024-12-19). "How did Brazil slash deforestation — and can others recreate the win?". Devex. Retrieved 2025-04-04.
- ^ a b c d March 2025, Jesse Chase-Lubitz // 10 (2025-03-10). "Scoop: Brazil hammers out details of forest fund ahead of COP30". Devex. Retrieved 2025-04-01.
{{cite web}}: CS1 maint: numeric names: authors list (link) - ^ de Nevers, Michele; Lay, Kenneth; Wolosin, Michael; Bliss-Guest, Patricia (14 June 2018). "The Tropical Forest Finance Facility". Center for Global Development. Retrieved 4 April 2025.
- ^ "Brazil proposes global forest conservation fund at COP28". Reuters News. 1 Dec 2023. Retrieved 1 April 2025.
{{cite news}}: CS1 maint: url-status (link) - ^ "Visita ao Brasil do Presidente da França – Declarações na área ambiental". Ministério das Relações Exteriores (in Brazilian Portuguese). Archived from the original on 2025-01-06. Retrieved 2025-04-01.
- ^ a b c d e "At COP16, five countries commit to Tropical Forest Finance Facility". Secretaria de Comunicação Social. Archived from the original on 2025-03-02. Retrieved 2025-04-01.
- ^ "Fundo Amazônia: Entenda o que é e de onde vem a verba utilizada". Migalhas (in Brazilian Portuguese). 2022-11-03. Retrieved 2025-04-01.
- ^ Fuoco, Tais (2 Dec 2023). "UK Commits Additional €35 Million to Brazil's Amazon Fund". Bloomberg. Retrieved 1 April 2025.
{{cite news}}: CS1 maint: url-status (link) - ^ House, The White (2024-11-17). "FACT SHEET: President Biden Marks Historic Climate Legacy with Trip to Brazil's Amazon Rainforest". The White House. Retrieved 2025-04-01.
- ^ DiGirolamo, Mike (2024-12-16). "What's the TFFF? A forest finance tool 'like no other' shows potential". Mongabay Environmental News. Retrieved 2025-04-04.
- ^ Catanoso, Justin (2024-10-30). "COP16: 'A fund unlike any other' will pay tropical nations to save forests". Mongabay Environmental News. Retrieved 2025-04-01.