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Radio France Internationale
Radio France Internationale
Environment
RFI

Brazil launches global fund to reward protection of rainforests

Brazil Finance TFFF Luiz Inacio Lula da Silva Environment RFI
Brazil has launched the Tropical Forest Forever Facility, a new fund to reward countries for conserving their natural ecosystems. © AFP - BAY ISMOYO

World leaders attending a climate summit in Brazil have launched a flagship global fund designed to reward tropical countries for not chopping down their trees. While proponents say it could be a game changer for climate finance, critics fear it will enrich governments without obliging them to take meaningful action to protect the environment.

Brazilian President Luiz Inacio Lula da Silva called the Tropical Forest Forever Facility (TFFF) an "unprecedented initiative" at its launch on Thursday in Belem, where Brazil is hosting the upcoming UN Cop30 climate summit.

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