Brazil says rainforest fund is on track to hit its $10 billion seed target
The Tropical Forest Forever Facility has raised $7.3 billion from governments in under a year but still needs $2.7 billion to reach its 2026 goal.
Brazil's environment minister said he is "very optimistic" that the Tropical Forest Forever Facility (TFFF), a new fund meant to pay countries for keeping their rainforests standing, will reach its $10 billion seed-capital target by the end of 2026.
The fund has secured $7.3 billion from governments in less than a year and needs $2.7 billion more, Environment Minister João Paulo Capobianco told Climate Home News on the sidelines of Climate Week in New York, Sebastian Rodriguez reported Sept. 29. "How many other initiatives can say that?" Capobianco said.
Launched by Brazil at the 30th United Nations climate change conference (COP30) last November and co-led by Norway, the TFFF aims to raise $125 billion in public and private capital, invest it in bonds and pay forest nations from the returns. Backers say each public dollar can attract $4 in private money, though payments are unlikely before 2028. Twenty percent of payments are to go directly to Indigenous peoples and local communities.
Norway is the largest backer with a $3 billion pledge, conditional on the fund reaching $10 billion this year. Brazil and Indonesia have pledged $1 billion each, and Britain promised a £400 million loan in September. Brazil is in talks with China, Korea and Japan about new contributions.
Capobianco said Brazil's Oct. 4 election does not threaten the fund. "It's a global initiative, not a Brazilian initiative," he said.
This brief is based on reporting by Sebastian Rodriguez, published Sept. 29, 2026, in Climate Home News. Read the original: https://www.climatechangenews.com/2026/09/29/brazil-confident-new-rainforest-fund-tfff-10bn-fund-finance/
This article was produced with the assistance of AI tools and reviewed by an editor before publication.
