The endorsement signals shifting climate finance roles as Beijing positions itself as a provider rather than recipient
China endorsed Brazil’s $125 billion Tropical Forests Forever Facility at a sideline event in New York on Tuesday, lending weight to a flagship fund that rewards nations for preserving tropical forests and injecting fresh momentum into one of the main initiatives set to debut at COP30 in Belem this November.
The TFFF, devised by Brazil with support from the World Bank and international partners, will invest in low-risk assets and channel part of the returns to tropical countries at up to $4 per hectare of standing forest.
Payments will depend on keeping annual deforestation below 0.5 per cent, with penalties for forest loss and degradation. At least one-fifth of the resources will go to Indigenous peoples and local communities.
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