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A general view of the Leaders’ Round Table during the launch of the Tropical Forest Forever Facility (TFFF) in the framework of the COP30 UN Climate Change Conference in Belem, Para State, Brazil, on Thursday. (AFP)

Nov 08, 12:05 AM IST 3 min read

Brazil launched the Tropical Forest Forever Facility (TFFF) at COP30 to incentivize the conservation of tropical forests, endorsed by 53 countries, including major investors like Norway and Germany. This initiative aims to provide annual payments to countries maintaining their forests, addressing market failures in ecosystem protection. The TFFF represents a significant shift in global forest conservation efforts and could protect over 1 billion hectares.

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