Brazil Launches Tropical Forest Fund at COP30 With $5.6 Billion, Short of Target

Overview

• Norway emerged as the largest initial backer at roughly $3 billion, with funds disbursed through 2035, repayment to 2075, a 20% cap on its share, and a requirement that other donors secure at least $9.79 billion by 2026.
• Brazil and Indonesia pledged $1 billion each, with France committing $577 million, the Netherlands $5.8 million, and Portugal $1 million, bringing early commitments to about $5.6 billion against a $10 billion goal for 2026 after an initial $25 billion ambition.
• Brasília activated a high-level push that includes a dedicated task force and personal calls from President Luiz Inácio Lula da Silva to convert political endorsements into firm financing.
• Brazilian officials said Germany signaled a possible announcement on Friday, while the United Kingdom faces budget constraints that complicate a pledge.
• Environmental groups largely welcomed the launch yet flagged concerns over market-based financing and potential debt risks, even as Brazil promotes the fund’s shift away from donations toward investable returns and aims to leverage private capital.