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A new fund to protect the world’s rainforests, championed by Brazil, received a $3-billion boost from Norway at a COP30 leaders’ summit, but remains far off its goal of winning $25 billion in startup capital from donor governments.

The Tropical Forest Forever Facility (TFFF), launched today at a high-level event on the sidelines of the COP30 Belém Climate Summit, has gathered support from rainforest countries, which Brazilian officials said is crucial for its success, but has fallen short of hopes for early contributions to get it up and running.

The largest investment announced at the fund’s launch came from Norway, which pledged 30 billion krone ($3 billion) to the TFFF in the form of loans over 10 years, providing certain conditions are met.

Smaller pledges were also announced by Colombia ($250 million), Netherlands ($5 million for the TFFF’s secretariat) and Portugal ($1 million). The UK, one of the TFFF’s initial supporters that has been involved in its design, said it would not provide taxpayers’ money for the initiative.

    Brazil was the first country to pledge $1 billion to the fund, followed by Indonesia which announced it would match Brazil’s initial contribution. In October, the World Bank confirmed it will serve as interim host and trustee for the fund, which the bank’s CEO Ajay Banga said would allow beneficiary countries and donors to “focus on delivery”.

    “The new Tropical Forest Forever Facility can provide stable, long-term funding to relevant countries. It is important for Norway to support this initiative,” said Norwegian prime minister Jonas Gahr Støre.

    Unlike other investors, Norway has set out a series of conditions for its loans, adding pressure for the TFFF to find more financial backers. For example, the country requires that “at least NOK 100 billion ($9.8 billion) must have been secured from other donors by 2026”, adding that “Norway is not to provide more than 20% of the (fund’s) total amount”.

    It also said the TFFF’s funding model “must be sustainable and maintain an acceptable level of risk”. Some critics say the fund’s strategy of investing in emerging market bonds would be too risky and would fail to deliver the expected results.

    Toerris Jaeger, director of Rainforest Foundation Norway, celebrated the Scandinavian country’s announcement and said the pledge “is a substantial commitment to the rainforest and for our planet to remain habitable”.

    Germany will announce its commitment to the TFFF when its chancellor speaks at the summit on Friday.

    “Unprecedented” initiative

    Speaking at the fund’s launch on Thursday, Brazil’s President Luiz Inácio Lula da Silva described it as “an unprecedented initiative”, adding that “for the first time, Global South countries will have protagonism in the forest agenda”.

    The president said current climate funds “do not live up to the challenge posed by climate change”, which had motivated Brazil to assemble a group of countries and design an alternative. The UN estimates that forest protection is severely underfunded, with an annual gap of $216 billion.

    “The TFFF is not based on donations. Its role will be to complement the mechanisms that pay for the reduction of greenhouse gas emissions,” Lula told a roundtable of world leaders that included UK Prime Minister Keir Starmer and Colombia’s President Gustavo Petro.

    “The TFFF will be one of the main concrete results in the spirit of implementation of COP30,” he added, although the fund is not an instrument that has been set up under the UN climate talks.

    The launch of the fund is a “hugely important step”, according to UN climate chief Simon Stiell, noting that the TFFF “creates long-term, predictable support for the countries and communities who protect them”. According to the fund’s design, 20% of all payments must be allocated to indigenous people and local communities.

    “Progress is happening, but it has to move faster and benefit more nations. That means closing the finance gap, strengthening monitoring and restoration, and ensuring support reaches Indigenous Peoples and local communities,” Stiell said in a statement.

    “If we succeed, we can make forests stand forever, as pillars of climate stability and human prosperity,” he added.

    Five big questions hanging over COP30

    What is the TFFF?

    The TFFF is designed to become a blended finance instrument that will invest in financial markets and pay a share of the returns to tropical countries that are protecting their rainforests.

    The fund’s concept note proposes startup capital of $125 billion – $25bn coming from governments and $100bn from private investors like pension funds and asset managers. In theory this would allow the fund to pay forest countries about $4 per hectare per year, disbursing a total of $2.8 billion for rainforests every year.

    As the TFFF is not a negotiated outcome at COP30, donors to the fund are not subject to the same responsibilities that govern the UN climate negotiations where the onus falls on developed countries. Experts say this could help bring on board wealthier developing countries like China and the Gulf states, which would otherwise shy away from assuming donor-country responsibilities.

    TFFF payments are designed to be directed at tropical countries that can show results in reducing deforestation. Of the 74 eligible countries, only about 20 would meet the TFFF criteria if it was active today, according to online tracking platform TFFF Watch.

    Torbjørn Gjefsen, international forest finance advisor at the Rainforest Foundation Norway, told Climate Home that “results-based payments” from the TFFF will be an innovative way to protect large, intact primary forests, which currently struggle to access other forms of forest finance.

    Mirela Sandrini, interim executive director of WRI Brasil, said broad backing for the new fund from almost 50 countries “marks an important start… reflecting growing recognition of the need for collective action to protect and restore tropical forests”.

    “However, the pool of those that have actually committed funding so far remains limited. Broader support will be essential if the facility is to become fully operational,” she added.

    This story was edited to include comments by UNFCCC executive secretary Simon Stiell.

    The post Norway pledges $3bn in boost for Brazil-led tropical forest fund appeared first on Climate Home News.

    Norway pledges $3bn in boost for Brazil-led tropical forest fund

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    Members of America’s Largest Power Grid Can’t Agree on How to Power Data Centers

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    With no consensus among stakeholders, PJM Interconnection’s 10-member board now must craft a policy for surging data-center demand that has already driven up electricity prices for millions.

    After months of wrangling over how to handle surging power demand from AI-driven data centers and the resulting spike in electricity prices for millions, members of PJM Interconnection, the nation’s largest grid operator, could not agree on a solution.

    Members of America’s Largest Power Grid Can’t Agree on How to Power Data Centers

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    “Coordinated backlash”: Activists say COP30 gender spat reflects wider threat

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    During the closing session of COP30, the representative of the Holy See – the governing body of the Vatican – was booed. That reaction was triggered by his statement requesting that any mentions of gender should be “understood as grounded on the biological sexual identity that is male and female”.

    The comments followed a heated debate that had threatened to derail talks on the new Gender Action Plan (GAP) in Belém, stirring concerns that growing political pressure in the wider world to roll back advances on gender issues had seeped into the UN climate process.

    Gender was a hotter-than-usual topic at this COP. Negotiators were tasked with agreeing a new GAP – a document to guide how gender features in climate decisions and action over the next 10 years, including balanced participation in climate talks, ensuring that climate projects consider different gender needs in their implementation, and collecting data that is broken down by gender.

    Part of a broader work programme on gender, which was renewed during COP29, work on the GAP started at June’s mid-year talks in Bonn. That produced a text containing 99 brackets, denoting issues to be resolved. As disagreement among parties multiplied in Brazil, the last draft made public during COP30 had 496 brackets, making it a small miracle that a final version of the GAP was approved at the summit.

    COP30 fails to land deal on fossil fuel transition but triples finance for climate adaptation

    The most controversial issue was the definition of gender, which the Holy See, Argentina, Paraguay and Iran wanted to refer to as “biological sex”, reflecting their concerns about trans and non-binary people. One draft version of the text included a footnote added by each of those countries marking their objections. None of them made it into the final decision.

    While Russia did not submit its own footnote, Climate Home News understands that it pushed hard to replace the term “gender” with “women and girls” and “men and boys”. During its intervention at the closing plenary, Russia’s delegate said his government works to strengthen the institution of marriage, which it understands as “a relationship between a man and a woman”.

    Another thorny issue was “sexual and reproductive health”, a term that did not appear in the final text. The Holy See was among those that fought hard to exclude it. Archbishop Giambattista Diquattro, the head of delegation, said in an interview with Vatican News that tackling this topic was “a diversion from the real issue under discussion”, adding that “the inclusion in the text of sexual and reproductive rights, which include abortion”, is something the city-state could not “in any way accept.”

    “Cruel” intrusion into climate debate

    Partway through COP30, as the rows over gender surfaced, women’s rights organisations denounced the situation at a press conference.

    “We’ve always had fights on the Gender Action Plan… but this is different. This is trying to actually push women back by having this binary definition,” said Mary Robinson, former Irish president who is now a member of the Elders. “It’s so cruel. I mean, it’s actually unbelievable that this would enter into our space.”

    Demonstrators, with lamps called ‘Poronga’ on their heads, attend a march in defense of the living forest, territorial rights, and global climate responsibility during the U.N. Climate Change Conference (COP30) in Belem, Brazil, November 13, 2025. REUTERS/Adriano Machado

    Demonstrators, with lamps called ‘Poronga’ on their heads, attend a march in defense of the living forest, territorial rights, and global climate responsibility during the U.N. Climate Change Conference (COP30) in Belem, Brazil, November 13, 2025. REUTERS/Adriano Machado

    Bridget Burns, executive director of the Women’s Environment & Development Organization (WEDO), said it felt like a coordinated backlash – and it wasn’t limited to the gender negotiations.

    Argentina and Paraguay also raised objections to definitions of gender in the Just Transition Work Programme (JTWP) negotiations. But they didn’t get what they wanted there either.

    “The outcomes we got in the JTWP decision are the most ambitious from a rights and inclusion perspective ever,” said Anabella Rosemberg, senior advisor on just transition with Climate Action Network International, noting that the protestations by specific countries on gender would only be added to the UN climate summit’s report. “They didn’t get what they wanted, which was a footnote in each decision.”

    Had that happened, it would have posed “a very serious threat to the process”, said Rosemberg. Burns said allowing definitions on what words mean for individual parties to creep into the formal decision texts could have set “a bad precedent”.

    Claudia Rubio Giraldo, associate for policy and programmes at WEDO, said that such resistance to human rights language shows how important advocacy is – and advocacy groups should be ready to act when negotiation rooms that were previously “progressive points of discussion” become “battlegrounds” on human rights in climate action.

    Activists say COP30 row on human rights language reflects wider threat
    Members of civil society during the People’s Plenary (Photo: UN Climate Change – Kiara Worth)

    Nonetheless, noted Burns, this was the first time sexual and reproductive rights had entered a gender draft, albeit in brackets.

    And she pointed to a deliverable in the final GAP document that asks governments to submit the findings of national assessments, including on “health, violence against women and girls, and care work in the context of gender and climate change”.

    “We’re hopeful that [this] gives us the opportunity for countries who are making progress on this to actually share their solutions,” Burns added.

      A GAP without money

      On finance, however, campaigners were disappointed with the outcome. They had pushed for women to be given direct access to funding – and for gender to be addressed as part of the climate finance negotiations. Yet, even at a COP where one of the main wins was a tripling of finance for adaptation by 2035, there was little progress on funding for “gender-responsive” work.

      Burns described the talks as “a massive failure” on that front. But she pointed to the COP29 decision to renew the Enhanced Lima Work Programme on Gender, which says that the Green Climate Fund, the biggest UN climate fund, should “strengthen the gender-responsiveness of climate finance”, and facilitate access to climate finance for grassroots women’s organisations.

      In 2022, they received just 4% of government aid spent on adaptation. On mitigation efforts to reduce emissions, that number dropped to 2%.

      Burns said advocacy groups will also push for finance across broader areas like tax, trade and debt to intersect with gender needs and unlock more funds for climate programmes targeted at women.

      For now, she said, it is important to ensure COP30’s progress is protected and that the agreement on the GAP in Belém in allows for “focusing on solutions and ways in which we can both enhance climate action and gender equality without having to renegotiate our rights every single year”.

      The post “Coordinated backlash”: Activists say COP30 gender spat reflects wider threat appeared first on Climate Home News.

      “Coordinated backlash”: Activists say COP30 gender spat reflects wider threat

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      County Planning Commission in Virginia Delays Vote Again on Proposed Gas Plant That Aims to Link to PJM Grid

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      Fluvanna County planners will vote in January to assess whether a proposal by Tenaska Energy fits its comprehensive plan.

      FORK UNION, Va.–The Fluvanna County Planning Commission again has delayed a vote on a proposed natural gas plant in Virginia that would bolster the PJM Interconnection regional grid.

      County Planning Commission in Virginia Delays Vote Again on Proposed Gas Plant That Aims to Link to PJM Grid

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