The Tropical Forests Forever Facility (TFFF), a new investment fund launched at COP30 by Brazil, has attracted about $7.3 billion in initial sponsor capital. The initiative aims to compensate tropical forest countries for preserving forest areas. But despite recent pledges, the fund remains short of its $10 billion fundraising goal for the end of 2026. After the 2025 U.N. Climate Change Conference in Belém, TFFF received a wave of political support, with over 60 nations endorsing its launch declaration and five countries announcing investments. Since then, the pace of financial commitments has been slower. Only Luxembourg and the U.K. have made government pledges this year, totaling around $600 million, while the nonprofit The Nature Conservancy committed another $5 million. The fund has now less than four months to raise $2.7 billion and meet its target. The $10 billion benchmark is especially important because Norway’s $3 billion pledge — part of that total — will only be released once the goal is met. “I’m in a period of anticipation right now, but also optimistic that we’ll get there,” Carlos Rittl told Mongabay. Rittl is the director of public policy at the Wildlife Conservation Society (WCS) and has contributed to TFFF’s environmental design. “There is no indication that the system itself is in doubt. But for countries to sign checks, the rules need to be very clear.” UN Secretary-General António Guterres and Brazilian President Luiz Inácio Lula da Silva attend the launch of the Tropical Forests Forever Facility. Image by © UN…This article was originally published on Mongabay

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