BELÉM, Brazil — Brazil hasn’t given up hope of bagging funding from London for a centerpiece COP30 promise.
U.K. Prime Minister Keir Starmer disappointed his Brazilian hosts this month when he turned up to COP without a pledge to invest in the Tropical Forests Forever Facility.
This was despite the idea for the initiative originating in Britain before being picked up by the COP hosts.
The TFFF is designed to pay out returns on investments made by donor countries and the private sector, aiming to reward countries for each acre of tropical rainforest they conserve. Brazilian officials say it is “possible” the fund could raise $10 billion (£7.6 billion) in its first year, a key threshold as the largest contributor to date, Norway, has made its $3 billion pledge contingent on this.
