
Brazilian authorities have confirmed that the Tropical Forest Forever Facility (TFFF), a financing model combining public and private investments to preserve these areas, had reached US$5.5 billion in funding following contributions from Norway (US$3 billion), Indonesia (US$1 billion), and France (US$500 million) in addition to the South American country's US$1 billion disbursement during the UN General Assembly in New York in September.

Upon launching the Tropical Forest Forever Facility (TFFF) during the Climate Summit in the Amazon city of Belém, in the State of Pará, on Thursday afternoon, Brazilian President Luiz Inácio Lula da Silva invited other nations to support the initiative. “Forests are worth more standing than cut down. They should be included in our countries’ GDP. Ecosystem services need to be remunerated, as do the people who protect forests. International green funds are not up to the challenge,” insisted Lula.