Haddad says TFFF has already reached 50% of the goal for 2026

The Finance Minister, Fernando Haddad, stated on Thursday (6) that the TFFF (Tropical Forests Forever Fund) has already achieved 50% of the fundraising goal set by the government. The forecast is to reach $10 billion in investments by 2026, the year the Brazilian presidency of the COP ends. Brazil, Norway, Indonesia, and Portugal have already announced investments in the new fund. “We expected in the first year, from the proposal launch, to reach $10 billion before transferring the presidency to another country, but I believe that this may happen sooner than expected,” said the minister. According to the minister, Germany, China, Netherlands, and the United Arab Emirates are also expected to support the project. The TFFF is a new climate financing model proposed by the Brazilian government, in which countries that preserve tropical forests will be financially rewarded through a global investment fund. The proposal aims to replace the current donation-based model, characterized by lack of predictability, budget constraints, and political changes in donor countries. In practice, Brazil, the Congo, and Indonesia would be the main beneficiaries.