Enviro News Asia, Belém — Brazil placed forest protection at the center of the global climate agenda during a high-level ministerial event at COP30 on Monday, November 17. The session introduced new financing mechanisms—including the Tropical Forests Forever Fund (TFFF), the JREDD+ coalition, and investor-linkage instruments—to strengthen efforts to halt deforestation and support sustainable development.
Speaking at the event, João Paulo Capobianco, Executive Secretary of Brazil’s Ministry of the Environment and Climate Change, underscored the urgency of coordinated global action.
“The challenges are real, and we have never had so much knowledge available. We need a collective effort through 2030—where tropical countries share experiences, financial partners align instruments with results, and Indigenous peoples and local communities are recognized as direct beneficiaries,” he said.
The dialogue brought together leaders and representatives from Colombia, Guyana, the Democratic Republic of the Congo, the United Kingdom, Norway, UNEP, the World Bank, Conservation International, BTG Pactual Timberland, Ambition Loop, and private sector entities such as Tencent and Federated Hermes.
Financing Gap and Global Needs
According to UNEP, global forest financing reached only USD 84 billion per year in 2023, far short of the USD 300 billion annually required to meet international commitments. For Brazil alone—whose forest conservation efforts prevent global GDP losses estimated at up to USD 81 billion per year—an estimated USD 67 billion annually will be necessary by 2030.
Martin Krause, Director of UNEP’s Climate Change Division, noted that tools already exist: “The world has never had so many mechanisms available. The task now is to build a predictable, transparent, and fair finance ecosystem.”
TFFF Gains Broad International Support
Brazil’s Ministry of Foreign Affairs confirmed that 60 countries and the European Union have endorsed the Tropical Forests Forever Fund (TFFF).
Countries supporting the initiative span multiple regions, including Australia, Canada, China, Germany, Indonesia, Japan, Malaysia, Mexico, Norway, the UAE, the UK, and many others across Africa, Asia, Europe, and Latin America.
JREDD+ Coalition Announced
Guyana’s Minister of Natural Resources, Vickram Bharrat, announced the launch of the JREDD+ initiative, which will generate carbon credits for countries and large jurisdictions.
The system could mobilize USD 3–6 billion per year by 2030, bringing together forest nations, Indigenous organizations, investors, and standards bodies.
Earth Investment Engine
The Chilean NGO Ambition Loop presented a mechanism aimed at boosting the bioeconomy in Latin America.
The platform currently identifies over 700 investment opportunities worth more than USD 29 billion, according to co-founder Nigel Topping.
Eco Invest Brazil
Brazil also highlighted Eco Invest, an investment-facilitation tool developed by the Ministry of Finance and the Ministry of the Environment and Climate Change.
Mario Gouvêa from Brazil’s National Treasury noted that the initiative recently mobilized USD 6 billion, supporting new agroforestry systems and sustainable land-use models. (*)
