Tropical Forest Fund May Not Make Payments Until 2028
Why this is here: Norway will contribute $3 billion to the fund only if the $10 billion public funding goal is met before the end of 2026, creating a specific condition for initial investment.
The Tropical Forest Forever Fund (TFFF) may not distribute significant payments to developing countries with tropical forests until 2028. Climate Home News reported this timeline, citing WWF’s global policy and alliances director, Andrew Deutz. The fund aims to finance tropical forest conservation, biodiversity protection, and support local communities.
The TFFF intends to raise $25 billion from public investors and an additional $100 to $125 billion from private investors. It will pay an estimated $4 billion annually to approximately 74 developing countries with tropical forests, including Colombia. The fund needs to raise $10 billion this year to begin operations, but has currently secured $6.7 billion.
Norway pledged $3 billion contingent on reaching the $10 billion goal by the end of 2026. Fund financial advisor Charlotte Hamill stated that achieving public funding goals could attract $40 billion in private financing, potentially from China and the United Kingdom.