Overview
- In Belém, Brazil presented the Tropical Forests Forever Facility as a permanent trust fund to pay tropical nations for keeping forests standing using blended public and private finance.
- The model targets $25 billion from sponsor governments to attract about $100 billion from private investors, with returns funding annual payments to countries that keep deforestation below 0.5% verified by satellite.
- Brazil has pledged $1 billion and says the facility can proceed without full startup capital, yet investors remain hesitant and few governments have committed money.
- Finance Minister Fernando Haddad lowered the near-term fundraising goal to roughly $10 billion by next year, and a person familiar with UK plans says Britain will not invest.
- Brazil has identified 74 potential beneficiary countries, with Colombia, Ghana, the Democratic Republic of Congo, Indonesia and Malaysia among early participants.