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The World Bank has confirmed it will serve as trustee and interim secretariat host for the Tropical Forest Forever Facility (TFFF), as Brazil prepares to launch the showcase investment-driven fund for rainforest protection at next month’s climate summit in the Amazon city of Belém.

With a proposed initial investment of $25 billion from donor countries and $100 billion from private capital, the TFFF seeks to leverage investments in financial markets and channel the returns to countries that can prove they have kept their forests standing.

CEO Ajay Banga announced in September the World Bank’s willingness to host the fund – a role it already fulfills for other climate funds such as the Fund for Responding to Loss and Damage. He said the bank’s role would be to “lay the rails and maintain them so the trains can run”, while beneficiary countries and donors should “focus on delivery”.

On Tuesday, the bank gave formal confirmation at a board meeting that it would take on most of the TFFF’s administrative workload – including initial operations and fiduciary reporting – while a permanent institutional home is established.

    Brazilian Finance Minister Fernando Haddad said the World Bank’s decision transforms the TFFF “from an idea into a fully operational reality”, adding that “with this foundation in place, the TFFF is now ready for countries to follow Brazil’s lead by making their own pledges”.

    Right way to plug forest finance gap?

    The Brazilian initiative comes as developing countries have complained about being unable to access existing forest funds at the Global Environment Facility, while foreign aid budgets which have supported forest conservation shrink in the US and Europe.

    Finance needs in developing countries are large and growing, with estimates ranging between $20 billion and $72 billion every year to protect forests. In contrast, in 2022, the total finance destined for forests was just $2.3 billion.

    But while the fund has enjoyed expressions of support from both forest-rich and donor countries, it has drawn criticism from some sectors – including over the World Bank’s central role, and whether it has been overly optimistic in the returns it can expect from investing money in emerging economies.

    Explainer: Brazil’s “right answer” to forest finance turns to markets to keep rainforest standing

    The Global Forest Coalition (GFC) – an international coalition of Indigenous rights NGOs – has pushed back against the TFFF for its high reliance on private investments, urging the World Bank to step back from hosting the fund.

    “All the financial schemes put in place for forest conservation supported by the World Bank continue to fail people. They are in place rather to favour capitalist investors instead of solving the deforestation issues,” said Kwami Kpondzo, executive director of Togo’s Centre for Environmental Justice, a member of the GFC alliance.

    “TFFF is taking the same direction, where Indigenous peoples and local communities’ rights will be sacrificed once again in the name of conservation,” Kpondzo added in a statement.

    Brazil first to pledge TFFF seed capital

    The TFFF is being proposed as a blended finance instrument, with funding from both public and private sources. It would seek to directly pay tropical countries that can show effective forest protection.

    On paper, the TFFF will get its money similarly to an investment fund. Donor countries and private investors put their money into the fund, which then invests the capital in financial markets. Part of the returns is used to pay back investors and what remains is allocated to forest protection in tropical countries.

    In September, Brazil announced a $1 billion contribution into the fund. The starting capital from sponsor countries is seen as a key way of reducing the fund’s risk and improving its credit rating, which would allow for better market returns.

    Brazil pledges $1bn in first contribution to COP30 rainforest fund

    While no other pledges have been announced so far, donor countries including Norway, Germany, the United Arab Emirates and Britain have voiced support for the new fund and have been involved in its design. They and others are expected to contribute financially, with hopes high that new pledges will be announced at the launch of the TFFF on November 6 at the COP30 leaders’ summit in Belém.

    The fund’s concept note proposes an interim hosting period of three years after which its board of directors will assess whether to keep the TFFF housed with the World Bank. It also sets out plans to establish an official secretariat for the fund, which the Brazilian government said would ensure the “TFFF operates with the highest standards of governance, accountability, and predictability”.

    The TFFF is expected to be steered by a board of directors from 18 countries, equally split between donors and forested nations. It also foresees the creation of a scientific advisory panel and an advisory council of Indigenous people.

    The post Brazil hails World Bank decision to host forest fund ahead of COP30 launch appeared first on Climate Home News.

    Brazil hails World Bank decision to host forest fund ahead of COP30 launch

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    Why Beaches Are Swamped With Sargassum, the Stinky Seaweed Menace

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    It smells like rotten eggs, releases toxic gases, endangers sea life and scuttles vacations. Scientists, startups and communities are trying to figure out what to do with it all.

    From our collaborating partner Living on Earth, public radio’s environmental news magazine, an interview by Aynsley O’Neill with Inside Climate News’ Teresa Tomassoni.

    Why Beaches Are Swamped With Sargassum, the Stinky Seaweed Menace

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    Why women’s leadership is central to unlocking the global phaseout of fossil fuels

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    Osprey Orielle Lake is founder and executive director of The Women’s Earth and Climate Action Network (WECAN) and a steering committee member of the Fossil Fuel Treaty.

    Around the world, women are leading some of the most powerful efforts to stop fossil fuel expansion and implement the just transition the climate crisis demands.

    In the Ecuadorian Amazon, Nemonte Nenquimo, an Indigenous Waorani woman, led a successful lawsuit for the Waorani against the Ecuadorian government to protect their territory and the Amazonian rainforest from oil extraction. Ecuador’s courts ruled in favor of the Waorani, setting a legal precedent for Indigenous rights and prompting similar legal fights worldwide.

    In the heart of Cancer Alley in the Gulf South of the United States, Sharon Lavigne, founder of Rise St. James, took on fossil fuel polluters and won. After stopping a Formosa petrochemical facility in her parish, she continues to organize communities to stop fossil fuels, bringing awareness to the severe health impacts caused by the industry.

    An initial cornerstone for an upcoming government convening on fossil fuel phaseout is the Fossil Fuel Treaty, which was founded by Tzeporah Burman. She won the 2019 Climate Breakthrough Award for her bold Treaty vision, which has now taken center stage in international climate action.

    These women are not anomalies, they are part of a broader movement. Women the world over are stopping harmful projects and building regenerative futures. They are defending land, water, climate, and health. They are redefining what leadership looks like in a time of crisis.

      Research has found that countries with higher representation of women in parliament are more likely to ratify environmental treaties. One prominent cross-national study found that CO2 emissions decrease by approximately 11.51 percent in response to a one-unit increase in each countries’ scoring on the Women’s Political Empowerment Index. When women are incorporated into disaster planning or forest management, projects are more resilient and effective.

      Yet because of persistent gender inequality, women – particularly Indigenous, Black and Brown women and women in low-income and frontline communities – are often disproportionately harmed by fossil fuel extraction and pollution. At the same time, they are also indispensable leaders of equitable solutions.

      Bold, transformative solutions needed

      Although the climate crisis may not be in the headlines recently, the crisis is increasing at lightening speed. From 2023 to 2025, the world crossed a dangerous threshold, marking the first three-year global average that exceeded the crucial 1.5°C guardrail, the very limit scientists identified as critical to avoid the worst catastrophic tipping points.

      This is not a eulogy for 1.5°C, but an alarm about a narrowing window. The data makes clear that we still have an opportunity to hold long-term warming below that life-affirming threshold. What is required now is not incrementalism and business as usual but bold and transformative solutions from grassroots movements to the halls of government.

      A woman looks at a solar panel, at a factory called Ener-G-Africa, where high-quality solar panels made by an all-women team are produced, in Cape Town, South Africa, February 9, 2023. (Photo: REUTERS/Esa Alexander)

      A woman looks at a solar panel, at a factory called Ener-G-Africa, where high-quality solar panels made by an all-women team are produced, in Cape Town, South Africa, February 9, 2023. (Photo: REUTERS/Esa Alexander)

      At the top of the list in tackling the climate crisis is the urgent need for a global phaseout of fossil fuel extraction and production. Coal, oil, and gas remain the primary driver of the climate crisis, and fossil fuel pollution is responsible for one in five deaths worldwide. The simple but challenging fact is, there is no way forward without a phaseout.

      In 2023, at the U.N. Climate Summit in Dubai (COP28), governments agreed for the first time to “transition away from fossil fuels.” The language was historic but nonbinding, and implementation has been severely hindered. Most governments are doubling down and increasing production across coal, gas, and oil. At COP30 in Brazil, while 80 countries called for fossil fuel language in the final outcome text, governments ultimately left without any commitments to a phaseout.

      Women’s assembly for fossil fuel phaseout

      In response to this stalled progress, Colombia and the Netherlands are convening the First Conference on Transitioning Away from Fossil Fuels, bringing together governments committed to advancing cooperation toward a managed, equitable phaseout. Occurring outside the formal UN climate negotiations, the gathering reflects a growing recognition that progress often requires voluntary alliances of ambitious nations.

      The urgency of this moment demands more than policy tweaks. It calls for a restructuring of the systems that fueled the crisis such as economic models that externalize harm, energy systems that prioritize profit over people, and governance structures that marginalize frontline communities. How we navigate this transition will shape the world our children inherit, and evidence shows that women’s leadership is vital to ensure a healthy and equitable outcome.

      Colombia aims to launch fossil fuel transition platform at first global conference

      As governments, civil society and global advocates prepare for the conference in Colombia, women’s leadership must not be an afterthought. It needs to be central to the agenda, inspired by equity, justice and care.

      That is why the Women’s Earth and Climate Action Network is convening global women leaders to advance strategies, proposals, and projects at the public Women’s Assembly for a Just Fossil Fuel Phaseout to be held virtually on March 31 to call for transformative action in Colombia. All are welcome.

      A livable future depends on bold action now, and on women leading the way at this critical moment.

      The post Why women’s leadership is central to unlocking the global phaseout of fossil fuels appeared first on Climate Home News.

      Why women’s leadership is central to unlocking the global phaseout of fossil fuels

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      On the Farm, the Hidden Climate Cost of America’s Broken Health Care System

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      American farmers are drowning in health insurance costs, while their German counterparts never worry about medical bills. The difference may help determine which country’s small farms are better prepared for a changing climate.

      Samantha Kemnah looked out the foggy window of her home in New Berlin, New York, at the 150-acre dairy farm she and her husband, Chris, bought last year. This winter, an unprecedented cold front brought snowstorms and ice to the region.

      On the Farm, the Hidden Climate Cost of the Broken U.S. Health Care System

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