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COP30 Opens in Belém With Forest Finance in Focus as Major Players Hold Back

Hesitant funding plus a U.S. no‑show leave Brazil’s forest‑finance push testing strained climate diplomacy.

Overview

  • Brazil’s rainforest‑centered summit convenes roughly 50,000 participants, with the Tropical Forest Forever Facility emerging as the marquee proposal.
  • The TFFF envisions about $25 billion in initial public pledges, a $100 billion private capital target and roughly $4 billion in annual payouts to reward verified forest protection.
  • Coverage reports the United States did not send a delegation, weakening traditional leadership dynamics at the talks.
  • EU ministers arrived with a last‑minute 2040 plan allowing up to five percentage points of reductions via foreign credits, and Germany endorsed the TFFF in principle without naming a contribution as the UK pulled back.
  • Scientists and analysts warn the outlook is worsening, citing a sustained pass over 1.5°C and weakening natural carbon sinks, and they expect limited breakthroughs from the conference.