Overview
- Germany will disburse the €1 billion over ten years and presented the commitment as an investment rather than a donation.
- Launched in Belém, the TFFF targets $125 billion in capitalization with an initial $25 billion drive and projects up to $4 billion in annual payouts.
- Early backers include Norway ($3 billion), Indonesia ($1 billion), Brazil ($1 billion) and France ($500,000), with Portugal contributing €1 million.
- Payments hinge on verified conservation using standardized satellite monitoring, with deductions for higher deforestation, a minimum 20% reserved for Indigenous and traditional communities, and a prohibition on fossil-fuel financing.
- The announcement followed criticism of Chancellor Friedrich Merz’s remarks about Brazil, and a German government spokesman said he will not apologize.