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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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    Commencement of NSW Forestry assessment a ‘chance to fix a broken system’ and deliver urgent forest protection

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    SYDNEY, Friday 18 September 2026 — In response to the Federal and NSW government’s announcement to commence an assessment of NSW forestry under the new national nature laws, Adele Chasson, Nature Policy Lead at Greenpeace Australia Pacific said:

    “This is the Federal Government’s chance to fix a broken system that has enabled the destruction of NSW’s precious forests for far too long.

    “Native forest logging continues to smash threatened species habitat. In NSW, it is pushing unique wildlife like koalas, greater gliders and glossy black cockatoos towards extinction. The state-owned logging agency has a disastrous record of environmental damage and breaches.

    “The Regional Forest Agreement (RFA) system has failed, allowing the industrial logging of special forests for decades across Australia with no oversight. Thankfully, the Federal Government has started the process to finally remove the logging industry’s exemption from national nature laws.

    “It’s time for the Federal Government to deliver the protection that forests urgently need, and that Australians overwhelmingly want. The Government must ensure a thorough assessment of the devastating impacts of native forest logging in NSW, and establish strong environmental rules that states must follow.

    “These forests have been cared for by First Nations people for tens of thousands of years. They are some of the most biodiverse on the planet, store carbon, clean our air and water. It’s critical we protect them.”

    ENDS

    Media contact:

    Kate O’Callaghan on 0406 231 892 or kate.ocallaghan@greenpeace.org

    Commencement of NSW Forestry assessment a ‘chance to fix a broken system’ and deliver urgent forest protection

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    Furry Little Peach x Greenpeace

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    What happens when a love of marine life meets a playful imagination?

    Sydney artist, illustrator and children’s author Sha’an d’Anthes, better known as Furry Little Peach, has teamed up with Greenpeace to create Happy Ocean Happy Planet: a joyful celebration of the extraordinary creatures that call our oceans home.

    Sha’an felt inspired to create an illustration celebrating the beauty and resilience of marine life. Its hopeful message, A Happy Ocean is a Happy Planet, sparked a special collaboration with Greenpeace and a limited-edition t-shirt designed to help protect the oceans that inspired it.

    The exclusive Furry Little Peach tee is available as a gift to new regular Greenpeace donors who give $30 or more and make at least three donations. By becoming a regular giver, you’ll help Greenpeace campaign for ocean protection.

    Furry Little Peach Sha'an d'Anthes x Greenpeace

    ARTIST INTERVIEW: Sha’an d’Anthes (Furry Little Peach)

    Sha’an shares the story behind the artwork, the local marine creatures featured in the design and why hope can be such a powerful force for action.

    Hi Sha’an! Can you tell us a little about yourself and what you do?

    My name is Sha’an d’Anthes, I also go by the pseudonym Furry Little Peach and I’m an illustrator, artist and children’s author based in Sydney, Australia. I love creating joyful, vibrant and nostalgic art that looks at the world through the lens of childlike wonder.

    What do you love about drawing animals and nature?

    I love all of the different shapes, colour and narrative you get to explore when drawing animals and nature. I’m also a city-slicker these days, and so I think that my work is a sort of escapism (for myself and hopefully for my audience).

    How did the Greenpeace collaboration come about?

    I went to the premiere of David Attenborough’s documentary Ocean, and felt compelled to create something to share the message of the film. This t-shirt is actually based off of that illustration including the tagline in I included when I shared it “A Happy Ocean is a Happy Planet”. I’m so grateful Greenpeace approached me for the project – it was a blast.

    Where did you start when creating the Happy Ocean Happy Planet design?

    The Happy Ocean tee starts the same as all of my work – with a brainstorm/braindump and really loose concept sketches.

    How did you choose the animals for the illustration?

    I actually asked Greenpeace to help me with the research of local marine life and they were so accommodating. They very quickly delivered me a huge list of local species of fish, mammals and coral and I just went through and looked up each creature and curated a little group of sea life that I thought would look sweet together – a mix of sizes, types, colours, textures and shapes.

    What did you use to create the artwork?

    So much of my work is traditional, but when it comes to things like t-shirts I always use digital drawing programs because I like to draw each colour in a separate layer which requires me to jump in and out of layers because it allows me to control colour and printing. When working digitally I always sketch in Procreate (an Australian digital art app), and then with this project I created final art in Adobe Fresco because it called for a vector graphic (an image that can be blown up to any size).

    Do you have a favourite creature in the design?

    I love painting Humpback Whales and always have, but I also have a soft spot for the sweet little Jelly Blubber jellyfish.

    What did you want people to feel when they saw the artwork?

    I specifically wanted to focus on the outcome that all of us want to see – a happy, thriving ocean where creatures are given the time and space to balance themselves. I feel that even when tackling tough subjects, leaning into hope is my natural inclination. As long as we have hope that things can be better, we will continue to take action.

    What was the most fun part of creating it?

    I actually documented the entire process of this project in a studio vlog on YouTube – and you can see how much fun I’m having doing final art jumping between layers and building the image. I had just come off completing final art for two books which are multi-year long projects, so being able to do a project that from start to finish in just a few days was really freeing at the time.

    Watch Sha’an’s Full Vlog

    What does a “happy ocean” mean to you?

    An ocean that given the time and space to repair and balance itself. Something I really took away from David Attenborough’s Ocean is that ocean ecosystems are actually really good at repairing themselves if we just let them do their thing.

    How can people get their hands on the t-shirt?

    The shirt is a reward for regular givers to Greenpeace – those who commit to at least 3 months of donations will receive the tee as a gift. Read about how at http://act.gp/flp-tee

    How is Greenpeace helping to make our oceans happier places?

    They have a deep focus on the health and happiness of our oceans through advocating for the set up of marine sanctuaries, holding big ocean polluters to account and calling for a ban on deep sea mining.

    What are you working on next?

    I will be jumping headfirst into Peachtober – an annual daily art challenge I run each year in October, if there are any artists reading this it’s a great time so please come join! In terms of publications my next picture book The Late Bird will be out in February 2027 (published by Harper Collins US) and then I have an creative activity book for adults coming out next August with Chronicle US and Penguin Australia. Otherwise you can always check out what I’m tinkering away with in my studio on Instagram and YouTube.

    Furry Little Peach x Greenpeace

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    AI giant Anthropic’s first Australian data centre deal an “egregious” example of Big Tech double talk

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    SYDNEY, Thursday 17 September 2026 — Greenpeace Australia Pacific has slammed AI giant Anthropic’s deal for its first Australian site in Queensland’s Western Downs, the heart of coal seam gas country, saying the project will entrench gas and turbocharge climate pollution.

    The expected electricity demand from the data centre site, situated in the middle of the Western Downs coal seam gas fields, is comparable to 1.5 million Australian households. Greenpeace’s report Energy Vampires: The AI data centres draining Australia called for a moratorium on frenzied data centre development until appropriate guardrails are in place.

    Joe Rafalowicz, Head of Climate and Energy at Greenpeace Australia Pacific, said: “This is an egregious example of Big Tech giants being given carte blanche to drain energy and water, and use polluting gas to fuel their hyperscale data centres.

    “AI and Big Tech corporations claim to bring new renewable energy to the grid, while blatantly planning to power their operations with polluting fossil fuels.

    Planning documents show the first stage of this behemoth project could be powered by ‘behind the metre’ gas — the same playbook AI companies have used in the US, leading to a 20% increase in climate pollution from electricity. Now these companies want to bring their cowboy plans to Australia and the Federal Government is allowing it.

    “If they plugged into the local grid, the power required would increase Queensland’s electricity grid emissions by around 6.6 million tonnes — an 18% rise. If they build their own gas-fired power plants, this will drive up Queensland’s emissions even more.

    “Billions of dollars are now pouring into a massive pipeline of proposed new data centres, of unprecedented size, being built at incredible speed across the country. Australians should be worried about the extreme lack of scrutiny being applied to these projects, and the corporations leading the data centre charge.

    “The data centre build-out is happening without the endorsement of the Australian people, yet we are the ones who will pay the price. We can not allow unchecked data centre expansion to derail our renewable energy transition, entrench gas and turbocharge climate pollution — that’s why Greenpeace has called for an urgent moratorium until appropriate guardrails are in place.”

    ENDS

    Media contact: Kate O’Callaghan on 0406 231 892 or kate.ocallaghan@greenpeace.org

    AI giant Anthropic’s first Australian data centre deal an “egregious” example of Big Tech double talk

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