Ambassador Andre Korea Do Lago, United Nations Conference on Climate Change 2025 (COP30)Investment fund collection said Monday (31) Background tropical forests forever (TFFF) Can unlock with early summary Billion is 25 billion.
According to Lago, There is a conversation with the marketAnd what’s the hope of the others US $ 100 billion Required after receiving the initial value.
“What we hear from the financial market is actually missing the fact that this first 25 billion (dollars) need to enter, so that they expect another 100 bisexual“In an interview with TV Kaltura’s Rhoda controversy, the ambassador said.
“What I have identified is that this at this time is the commitment of sovereign funds to this first 25 (billion dollars). But I have heard from investors that this is the beginning.”
The goal of the sovereign fund – it belongs to the government – 125 billion.
TFFF is in the beginning of 2023 By Brazil at COP28, Headquarters in Dubai in the United Arab Emirates. The fund is one of the federal government programs that create an environmental transformation plan (PTE) headed by the Ministry of Finance.
The project has a technical partnership with World Bank and Germany, Colombia, the United Arab Emirates, France, Norway and the United Kingdom.
“This sovereign funds, part of the sovereign background investments, They do not expect more than 3% per year“The COP30 president continued.
“The idea of having the TFFF that provides this income that does not provide other funds is maintained and it is maintained in a way that can be used for the protection of forests.”
Proposal that TFFF is working through mixed financing: 20% of sponsorship countries subsidize to attract private capital. The remaining 80% comes from the financial market.
See below the history of all the editions of COP
