London, United Kingdom—On March 10th and 11th, 2025, the government of Brazil convened representatives from the governments of Brazil, Colombia, France, Germany, Ghana, Indonesia,
Malaysia, Norway, and the United Kingdom in London to gather input on the design of the Tropical Forest Forever Facility (TFFF). Representatives from the World Bank and the NGO community also attended. The meeting was facilitated by UNDP.
Tropical rainforests regulate the systems we all rely on for survival – influencing weather patterns, ensuring food and water security, providing clean air, and housing a diversity of species found nowhere else on Earth. They are also home to Indigenous Peoples and local communities who depend on them for their livelihoods, which drives the local economy. But presently, we are not valuing them properly. The TFFF aims to remedy this by driving financial innovation and ambition on conservation by rewarding Tropical Forest Countries that have undertaken considerable effort to maintain tropical forest cover.
The TFFF is a novel global proposal designed to reward the permanent conservation of tropical forests by directly paying countries and forest stewards who have maintained and increased their tropical forest cover. Using blended finance, the TFFF aims to combine sovereign and philanthropic capital with private investment to create a USD 125 billion fund that generates a return for investors and annual payments to tropical forest countries based on their performance keeping tropical forests standing. This proposes to, at long last, position tropical forests as a globally valued asset class and secure the future of tropical forests and those who rely upon them.
Crucially, TFFF aims to complement and amplify, not replace, existing mechanisms, such as REDD+ and carbon markets.
Opening the meeting, His Excellency Ambassador Antonio de Aguiar Patriota noted upon opening the meeting that:
“The case for the TFFF could not be clearer. Tropical forests deliver a vast array of essential ecosystem services that sustain life on our planet, ranging from water flow management to carbon
sequestration. They also harbor a significant share of the world’s biodiversity. Yet, from an economic perspective, tropical forests remain grossly undervalued. To address deforestation, we must correct this market failure by enhancing the economic value of standing tropical forests, ensuring that they are worth more standing than destroyed. The TFFF seeks to achieve precisely that—through a simple, pragmatic and innovative way.”
During an evening reception for the TFFF, Rt Hon. Kerry McCarthy MP, Parliamentary Undersecretary of State at the Department for Energy Security and Net Zero, noted:
“We believe this can be the missing piece of the puzzle – with the potential to solve the long- standing problem of how we finance the world’s most intact forests. Our presence here today underscores our shared commitment to co-designing effective and inclusive financial mechanisms that benefit forest nations and the global community alike.”
Her Excellency Roselyn Fosuah Adjei, Director, Climate Change at Ghana’s Forestry Commission, shared her enthusiasm for the TFFF and the meeting, noting:
“Ghana wholeheartedly supports the Tropical Forest Forever Facility – it offers a unique approach and solution to achieve the Glasgow Leaders’ Declaration to halt and reverse forest loss by 2030. It will help us build a forest-positive economy to achieve a 1.5. Degrees Celsius world – there simply is no 1.5 without forests, and there is no 1.5 without nature. Let’s join together in support of the TFFF to achieve a forest-positive economy for people and the climate.”
The design discussions in London centered around environmental eligibility, financial arrangements and governance. Once the design of the TFFF is finalized, sovereign and philanthropic partners will be invited to contribute with capital to the TFFF.
Brazil aims to design a roadmap towards the launch of the TFFF at COP30 in Belém, Brazil, in November 2025 and have been very encouraging. Brazil and partners now look forward to engaging other stakeholders and further developing and finalizing the TFFF model so that tropical forests are worth more standing than felled.
(Attendees at the London meetings on the design of the TFFF – March 10th and 11th)
Notes to Editors:
For further information or media enquiries, please contact tfff@mma.gov.br A short trailer film on the Tropical Forest Forever Facility (TFFF) can be viewed here. The website (tfff.earth) will launch in mid-March and will house further details and updates on the Facility’s design development and progress towards COP30.
