Germany announces 1 billion euro investment in TFFF: a Pix mistake?

Belém – Brazil has just confirmed that Germany has committed to investing 1 billion euros (1.15 billion US dollars) in the Tropical Forests Forever Fund (TFFF), as predicted by Reset. The news came a day after the viral declaration of the country’s prime minister, Friedrich Merz, criticizing Belém. With this investment, the total amount committed to the TFFF exceeds 6.5 billion US dollars, with the largest contribution so far announced by Norway, in the amount of 3 billion US dollars. The information was confirmed by the Minister of Environment, Marina Silva, at a press conference at the COP Blue Zone. Merz was in Belém for the leaders’ summit, the week before COP30 started, where the official launch of the TFFF also took place. There was great expectation that the German would announce the commitment to invest in the financial instrument designed by Brazil to reward tropical forest-owning countries. However, the announcement from Germany, one of the most anticipated among the countries applying to join the fund, did not happen. Merz indicated that it would be a matter of time to internally secure participation in political and budgetary terms. The financial mechanism of the TFFF has a mixed model. Sponsor investors, which can be countries or philanthropic entities, accept a higher risk to enable other contributions. The announced goal is to obtain 25 billion US dollars from sponsors, leveraging an additional 100 billion US dollars in private capital.