Launched at COP28 in Dubai, the Tropical Forest Forever Facility is a proposed new fund that will reward countries for preserving their forests. At the World Bank spring meetings last week, COP30 host, Brazil, met with various governments including representatives from Germany, Norway, the United Kingdom, and Azerbaijan, in an effort to capitalize the proposed fund. Its design is to secure funding in the form of $25 billion in long-dated concessional loans, which will be leveraged to borrow another $100 billion from financial markets. The $125 billion would then be invested worldwide, and the difference between what the fund earns and returns due to its investors would then be given to countries for protecting their forests. The meeting yielded little donations, but Brazil did reach out to the World Bank asking it to host the fund.”
