"So far, only Brazil and Indonesia have announced investments in the scheme. The World Bank has agreed to host the facility. Several countries have murmured positively, but not yet committed any money. The UK has made clear it will not contribute at this stage. There will need to be greater momentum at Cop30 if the plan is to get off the ground."
"Brazilian finance ministry officials, who have spent the past 18 months working on this project, say the TFFF would be a step-change. “There is no way I would get that amount of money if I asked Oslo or Berlin,” said João Paulo de Resende, the undersecretary for fiscal and economic affairs, who has been working on this project for 18 months. He said the payments would also be less vulnerable to political mood swings. The former US president Joe Biden for example, promised $500m for the Amazon Fund in 2023, but only sought a 10th of that amount from the US Congress, which then gave him nothing."
"Unlike the Amazon Fund, the money would pay for standing forests. In a radical departure, it would also earmark 20% of disbursements as direct payments for Indigenous and other traditional forest communities.
The UN secretary-general, António Guterres, told the Guardian this was a positive development because Indigenous communities have been shown to preserve biodiversity and protect carbon sinks. “It is absolutely fundamental,” he said, “to invest in those who are the best guardians of nature. And the best guardians of nature are precisely the Indigenous communities.”"
