Brazil Says Tropical Forests Forever Fund Is Operational With $1 Billion Ahead of COP30 Launch

Overview

• Environment Minister Marina Silva said the fund is already operating with a US$1 billion contribution from Brazil.
• President Luiz Inácio Lula da Silva is scheduled to formally launch the initiative at the COP30 Leaders’ Summit on Nov. 6.
• The design targets US$125 billion under management with roughly US$4 billion in annual dividends and payments of US$4 per hectare preserved, according to government plans.
• Former central bank chief Arminio Fraga said the fund’s eventual scale will depend on the international political climate and emphasized public leadership with private engagement.
• The initiative is an Earthshot Prize finalist in Rio with a potential £1 million award, and Silva cited the Amazon Fund’s role in an 83% deforestation reduction over ten years as precedent.