Overview
- German ministers Carsten Schneider and Reem Alabali Radovan confirmed a €1 billion pledge over ten years in Belém after earlier uncertainty over the amount.
- The Tropical Forest Forever Facility rewards conservation at roughly $4 per hectare and imposes penalties for deforestation verified by satellite imagery.
- An 18-country executive council will govern the facility, with the World Bank acting as interim trustee and setting up a dedicated secretariat.
- Initial commitments total about $5.5 billion, including $1 billion each from Brazil and Indonesia and up to $3 billion from Norway over ten years.
- The fund targets about $125 billion in capital with an initial goal near $10 billion, excludes fossil investments, and allocates around 20% to Indigenous and traditional communities.