At the UN session in New York, Brazil’s President Lula pledged USD 1 billion to the Tropical Forests Forever Facility (TFFF). The fund aims to conserve tropical forests worldwide and will be officially launched at COP30.

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• Brazil pledges USD 1 billion to TFFF, first global contributor
• Announcement made at UN session, ahead of COP30 in Belem
• Fund incentivises countries to conserve forests, prevent deforestation
• TFFF aims to raise USD 125 billion in total, in phases
• First stage: USD 25 billion from donations and philanthropy
• Remaining USD 100 billion expected from private sector participation
• TFFF pays USD 4 per hectare preserved, 20% for indigenous communities
• Tropical Forest Investment Fund (TFIF) generates income from low-risk investments
• Satellite monitoring to track forest protection and land loss
• China, France, UK, Germany have expressed interest; contributions pending
• Critics warn of transparency issues and proper fund allocation to local communities