Context
Recently, the Tropical Forest Forever Facility (TFFF) was launched on the sidelines of the COP30 Climate Summit in Belém, Brazil.
About Tropical Forests Forever Facility (TFFF)
Overview: It is an investment fund designed as a permanent, self-financing vehicle through which net returns aim to be awarded to up to 74 developing tropical forest countries for keeping their existing old-growth forests intact.
Rationale: It aims to recognise and encourage Tropical Forest Countries to continue protecting and conserving Tropical Forest at the right scale and speed, especially given significant opportunity and implementation costs.
Funding Structure: It aims to raise$25 billion from wealthy nations and philanthropists, and an additional $100 billion in private investment, based on satellite remote sensing data forest cover.
It focuses at least 20% of payments flow directly to Indigenous Peoples and local communities.
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