· 3 min read
illuminem summarises for you the essential news of the day. Read the full piece on Euronews or enjoy below:
🗞️ Driving the news: With one month until COP30, Brazil’s Minister of Indigenous Peoples, Sonia Guajajara, has formally called on the European Union to support a new $125 billion “Tropical Forests Forever Fund” (TFFF) aimed at rewarding tropical countries for maintaining or expanding forest cover
• The fund will be officially launched at COP30 in Belém, the first UN climate summit held within the Amazon Rainforest
🔭 The context: The TFFF is designed to provide annual payments to up to 75 tropical and subtropical countries, based on satellite-monitored forest conservation
• Uniquely, 20% of the funds are earmarked for direct financing of Indigenous peoples and local communities — recognizing their proven role in safeguarding biodiversity and climate stability
• The fund is backed by multilateral organisations including the World Bank, FAO, OECD, and UNDP, and involves both forest-rich nations and prospective donor countries
🌍 Why it matters for the planet: This initiative represents a significant shift toward performance-based, long-term forest financing, aiming to reverse forest loss while ensuring equity for Indigenous stewards of nature
• With tropical forests under increasing pressure from climate change and illegal land use, the fund’s structure could serve as a scalable model for climate finance that prioritizes both ecosystem integrity and social justice
⏭️ What's next: The TFFF will be launched at COP30 in November 2025, with a proposed capital mix of $100 billion from private sources and $25 billion from public and philanthropic contributions
• Brazil has already pledged $1 billion and is pressing EU member states to follow suit
• The fund’s viability will depend on EU engagement, investor confidence, and the finalization of its governance and monitoring framework, now being shaped by a coalition of 11 countries
💬 One quote: "It is impossible to think of solutions without considering those who are protecting the forests." – Sonia Guajajara, Minister of Indigenous Peoples, Brazil
📈 One stat: The Tropical Forests Forever Fund aims to mobilize $125 billion, with 20% allocated directly to Indigenous peoples and local communities
Explore carbon credit purchases, total emissions, and climate targets of thousands of companies on Data Hub™ — the first platform designed to help sustainability providers generate sales leads!
Click for more news covering the latest on climate change
