Brazil’s Tropical Forests Forever Fund Draws Support as Indonesia Plans $1 Billion Match

Overview

• Finance Minister Fernando Haddad says the COP30 flagship fund is being well received, with some countries expected to announce support within days.
• Brazil has deposited US$1 billion and Environment Minister Marina Silva says Indonesia plans to contribute the same amount.
• The fund aims to mobilize US$10 billion in public capital by next year and to attract roughly US$4 in private financing for every US$1 of public money, including from sovereign wealth funds.
• It will operate like a bank by borrowing at low rates and lending at higher ones, using returns to pay countries per hectare for maintaining tropical forests with annual deforestation near or below 0.5%, with 20% of payouts reserved for Indigenous and traditional communities.
• Haddad said the World Bank signaled willingness to serve as an implementing agent, and he expects private-sector participation soon, contingent on clear market rules.