Canada Pledges US$400 Million to Tropical Forests Forever Fund

Overview

• On Sunday, November 15, 2026, Canadian Prime Minister Mark Carney announced a roughly US$400 million contribution to the Tropical Forests Forever Fund to be paid over four years during a bilateral meeting with President Luiz Inácio Lula da Silva in Manila.
• The pledge raises committed resources to about US$8.5 billion but leaves the fund short of Brazil’s roughly US$10 billion near-term target needed for the mechanism to begin operating this year.
• The TFFF is an investment-style vehicle co-led by Brazil and Norway that aims to mobilize public and private capital to protect more than 1 billion hectares across at least 70 countries and to reach US$125 billion over the long term.
• The fund’s design pledges at least 20% of resources for indigenous peoples and traditional communities that steward forests, and the Canada announcement was paired with agreements for reciprocal visits in 2027 and efforts to conclude Mercosur–Canada trade talks.
• If additional donors close the remaining funding gap, the TFFF could unlock large private investments and channel direct finance to communities managing forests, so the key next developments to watch are further donor commitments and the fund’s final steps toward operational launch.