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UK Declines Public Funding for Brazil’s Tropical Forests Facility Ahead of Cop30

Downing Street cites tight finances and says it will work to mobilise private investment for the $125bn initiative.

Overview

  • No 10 confirmed the UK will provide no public money to the Tropical Forests Forever Facility before Cop30.
  • The Brazilian-led facility targets $125 billion in total, seeking about $25 billion in public commitments to leverage private capital.
  • Brazil has pledged $1 billion so far, with Norway courted to maintain support and Germany reported as uncertain.
  • The UK helped design the mechanism and funded some underpinning structures but has not capitalised the fund, and it denies claims it sought to dissuade Germany.
  • Environmental groups criticised the UK’s stance as a missed chance to scale forest protection, pointing to Brazil’s 5,800 sq km of rainforest loss last year.