Germany announces a €1 billion contribution to the Tropical Forest Forever Facility.

The announcement was made at the COP30 climate summit in Brazil on Wednesday, 19 November.

The Tropical Forest Forever Facility (TFFF), a new financial mechanism designed to reward tropical countries for protecting their forests, was formally launched by Brazilian President Lula da Silva on the 6th of November, at the start of COP30.

The TFFF has already received pledges of financial support from Brazil, Indonesia, France and Norway, among others. With Germany's contribution, the total funds pledged are approximately USD 7 billion. Norway's contribution, announced on the 6th of November at COP30, is USD 3 billion.

Support from governments, in turn, forms the basis for mobilising private capital. Meanwhile, the pledged funds are far from the target of securing USD 25 billion in government contributions, so efforts to mobilise further support must continue.

Other countries must contribute

"Germany’s contribution is an important step forward for the protection of rainforests. Rainforest countries can now leave COP30 expecting to get financial support if they succeed in protecting rainforests. By contributing, Germany acknowledges the critical importance of rainforest protection for climate and biodiversity. Although the expectations were higher, it still positions Germany as a key partner in building the coalition necessary for TFFF to reach a transformative scale," says Toerris Jaeger, executive director of Rainforest Foundation Norway

"Germany must now work together with Brazil to encourage other countries to contribute, so that the TFFF realises its potential to be a game changer for tropical forest protection," says Jaeger