Davos, January 23, 2026 – The Tropical Forest Forever Facility (TFFF) convened global leaders, policymakers, and investors at the World Economic Forum (WEF) Annual Meeting in Davos this week to advance a new paradigm for climate and nature finance. Through a series of high-level sessions, TFFF was showcased as a groundbreaking global mechanism to protect tropical forests while delivering long-term, sustained financial incentives for conservation.
A key moment of the week took place on Wednesday, January 21, with the event A Paradigm Shift in Climate and Nature Finance: The Case of TFFF, hosted by InTent. With opening remarks by André Hoffmann, Co-Founder of InTent, Vice-Chairman of Roche, and Interim Co-Chair of the World Economic Forum, and moderation by Xenia zu Hohenlohe, Special TFFF Envoy for the World Bank, the panel featured contributions from Charlotte Hamill, Partner at Bracebridge Capital LLC; Andreas Dahl-Jørgensen, Special Envoy for Climate & Forests of the Government of Norway; Christopher Mouravieff-Apostol, former Equity Partner at Banque Pictet & Cie SA; João Paulo de Resende, TFFF Leader at Brazil’s Ministry of Finance; and Kirsten Schuijt, Director General of WWF.
Throughout the week, business, government, and philanthropy leaders as well as forest and finance experts shared their support for the TFFF:
“Unless you have regulations and incentives in place, governments may not make a decision every year to protect the forest. Norway thinks this is the biggest opportunity we have seen to put in place incentives that last. Also, with the investment from Brazil and Indonesia leading the way, this is an example of a new world, of a coalition of ambitious countries working together, not just from the North to the South. The work we have ahead of us is to promote this with philanthropies and other countries, including traditional donor countries and rich emerging markets.” Andreas Dahl-Jørgensen, Special Envoy, Climate and Forests, Ministry of Climate and Environment, Norway.
“Our tropical forests make life possible for us, but we are destroying them at an unprecedented rate. The TFFF is offering us a chance to turn this around with an exciting new mechanism that marries conservation with capital creation. For it to succeed it needs to reach 10 USD billion by the end of this year, which is why I am in Davos, talking to potential investors and supporters. Philanthropists and investors are stepping up, and the governments of Norway, Germany, France and others have made significant commitments. The UK and other governments must follow their lead. The TFFF isn’t charity and isn’t looking for conventional Aid. It is a solid investment opportunity and for all our sakes, it is one we must take.” Lord Zac Goldsmith, former UK Minister of State for Overseas Territories, Commonwealth, Energy, Climate and Environment.
“Reducing deforestation from 1% to 0.5% is perfectly doable, then down to 0.4% or 0.3%. But as you approach zero, the costs rise sharply—costs that countries cannot afford alone. Paying $4 per hectare per year represents four times the national budget allocated to the Ministry of Environment in countries such as Brazil. Just like increasing a company’s revenue fourfold, this investment can make the crucial difference to reach that final mile we need.” João Paulo de Resende, TFFF Leader at Brazil’s Ministry of Finance.
“This is an investment, not a gift. This is patient, long-term philanthropic capital that should appeal to all investors of conscience. The TFFF is a rare opportunity to bring capital and conservation together at the scale this moment demands. We are on the verge of unlocking reliable, long-term funding for the world’s tropical forests for the next 40 years — now is the time to act and deliver.” Dr Andrew Forrest, Fortescue Executive Chairman and Founder, Founder of Minderoo Foundation.
“The facility’s structure involves strong collaboration between public and private markets. The portfolios we are modeling are built to endure many market cycles, with capital committed for 40 years—far beyond the usual private market horizon. What is truly special is the $25 billion in junior capital that will sit patiently for decades at the risk-free rate to protect the rainforest. Once that foundation is in place, the additional $100 billion is expected to flow naturally from the financial markets, through pension funds, insurers, ETFs, and other vehicles that seek these investment assets every day. And that is precisely the point: this isn’t extraordinary- it’s the normal functioning of markets, but harnessed for an extraordinary purpose.” Charlotte Hamill, Partner at Bracebridge Capital LLC.
“The TFFF is one of the most exciting opportunities in recent years to create a platform that blends public and private capital to support tropical forests. As the facility develops a targeted, credible, and scalable approach, it could help transform how the world finances nature. It is encouraging to see the growing level of interest from the private investors as well as the continued support and leadership from public and philanthropic capital.” Daniel Hanna, Group Head of Sustainable and Transition Finance, Barclays.
“The TFFF represents the kind of bold breakthrough the world urgently needs. It offers a win-win model, delivering long-term benefits for forest nations and Indigenous Peoples and local communities while providing a reliable financial return for investors. The initial commitments provided critical seed capital; now, scaling the Facility to at least US$10 billion this year is essential to deliver meaningful impact for climate and nature. WWF calls on countries and private investors to join this transformative initiative and match the leadership shown at Climate COP30.” Kirsten Schuijt, Director General, WWF International.
Since its launch, more than US$ 6.7 billion in contributions have already been announced for the TFFF. These include:
- Norway: US$ 3 billion;
- Germany: € 1 billion;
- Brazil: US$ 1 billion;
- Indonesia: US$ 1 billion;
- France: € 500 million;
- Netherlands US$ 5 million and Portugal US$ 1 million to support the TFFF Secretariat;
- The Minderoo Foundation: US$ 10 million.
Building on the momentum generated in Davos, the Tropical Forest Forever Facility is now moving from global endorsement to institutional build-out and large-scale capitalization. This next phase includes:
- The establishment of a dedicated TFFF Secretariat to support implementation, coordination, and country engagement;
- The formation of the TFFF Board, which will convene in the coming period to provide strategic direction, policy oversight, and safeguard integrity for the Facility;
- The structuring of the Tropical Forest Investment Fund (TFIF), with its own governance arrangements, consistent with market practice, to ensure robust fiduciary oversight and investor confidence.
With more than US$ 6.7 billion already announced in support of the Facility, TFFF remains firmly on track to raise US$ 10 billion in investor capital by 2026, as part of a broader pathway toward US$ 25 billion in junior capital, designed to enable the issuance of up to US$ 100 billion in bonds over time.
To date, 66 countries with tropical forests and potential investor countries have endorsed the TFFF Launch Declaration: Antigua and Barbuda, Armenia, Australia, Austria, Belgium, Bolivia, Brazil, Burkina Faso, Cambodia, Canada, China, Colombia, Costa Rica, Cuba, Cyprus, Denmark, Democratic Republic of the Congo, Dominica, Dominican Republic, Ecuador, Ethiopia, Finland, France, Georgia, Germany, Ghana, Guatemala, Guinea, Guinea-Bissau, Guyana, Haiti, Honduras, Indonesia, Ireland, Japan, Liberia, Luxembourg, Madagascar, Malaysia, Mauritius, Mexico, Monaco, Mozambique, Myanmar, Nepal, Netherlands, Nigeria, Norway, Pakistan, Palau, Panama, Papua New Guinea, Peru, Philippines, Portugal, Rwanda, San Marino, Sao Tome and Principe, Sierra Leone, South Sudan, Sweden, Suriname, United Arab Emirates, United Kingdom, Zambia, and the European Union.
This broad coalition and unprecedented level of commitment early on underscores a shared recognition that tropical forests must be worth more standing than destroyed, and that innovative finance at scale is essential to securing their future.
Key innovative elements of the TFFF:
- Potential to support the protection of over 1 billion hectares of tropical forests across more than 70 developing countries;
- Payments to countries will be based on satellite remote sensing data that tracks forest canopy cover annually in a low-cost and transparent manner;
- A design process led by Brazil, in partnership with DRC, Ghana, Malaysia, Indonesia, Colombia, the UK, Germany, Norway, France, and the UAE, with valuable contributions from Indigenous Peoples and Local Communities;
- Capital mobilized from traditional as well as non-traditional sovereign sponsor governments, philanthropy, family offices, and private sector investors;
- A mandatory allocation of at least 20% of payments to IPLCs – reinforcing a transformative shift in access for IPLCs;
- A strict investment exclusion policy, prohibiting investments that have a significant environmental impact, such as those causing deforestation and greenhouse gas emissions. The TFFF will not invest in activities related to coal, peat, oil, or gas. Asset allocation must support, or at the very least not significantly harm the overarching objectives of the TFFF;
- Potential to increase manyfold the budgets of the Environment Ministries in tropical forest countries.
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Notes to Editors:
About The Tropical Forest Forever Facility
The Tropical Forest Forever Facility (TFFF) is where conservation meets capital creation. It is a once-in-a-generation facility that secures the future of tropical forests and guarantees returns for investors. This novel global funding mechanism is designed to finance the permanent conservation of tropical and subtropical broadleaf moist rainforests by directly compensating countries and forest stewards for their efforts to maintain or increase their forest cover. TFFF’s latest Concept Note can be found here.
