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Climate solution or debt sentence? The controversial forest fund dividing COP30

The Aberdare ecosystem showing gradual conversion of land from forestry into agriculture and other related human activities. 

Photo credit: File

What you need to know:

  • The fund has secured significant momentum, with initial pledges topping $5.5 billion.
  • Norway has committed $3 billion over a decade, while Brazil and Indonesia have each pledged $1 billion.

At the heart of the COP30 climate summit happening in Brazil lies a monumental and contentious proposal: the Tropical Forest Forever Facility (TFFF).

Championed by Brazilian President Luiz Inácio Lula da Silva, this $125 billion megafund aims to reshape the global forest economy.