World leaders gathered at the COP30 Leaders’ Summit in Belm, Brazil, to launch the Tropical Forests Forever Facility, a landmark global initiative aimed at channelling large-scale finance into the protection of tropical forests.
The Tropical Forests Forever Facility (TFFF) is designed to reward countries for keeping their forests standing rather than waiting for them to be cut down or degraded.
According to the launch statement, it has been endorsed by 53 countries.
The host country, Brazil, described the move on Thursday as a turning point in global environmental finance and one of the most important deliverables of this year’s UN climate conference.
It creates a system of regular, performance-based payments to tropical forest nations that successfully maintain their forest cover, verified through monitoring tools such as satellites.
The goal is to shift the financial incentives in favour of conservation and to recognise the immense ecosystem services provided by tropical forestsWorld leaders gathered at the COP30 Leaders’ Summit in Belm, Brazil, to launch the Tropical Forests Forever Facility, a landmark global initiative aimed at channelling large-scale finance into the protection of tropical forests.
The Tropical Forests Forever Facility (TFFF) is designed to reward countries for keeping their forests standing rather than waiting for them to be cut down or degraded.
According to the launch statement, it has been endorsed by 53 countries.
The host country, Brazil, described the move on Thursday as a turning point in global environmental finance and one of the most important deliverables of this year’s UN climate conference.
It creates a system of regular, performance-based payments to tropical forest nations that successfully maintain their forest cover, verified through monitoring tools such as satellites.
The goal is to shift the financial incentives in favour of conservation and to recognise the immense ecosystem services provided by tropical forests Latest News [ SOBAN NEWS: International and National ]