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Germany has joined a handful of countries pledging money to the Tropical Forest Forever Facility (TFFF), but the conservation mechanism launched by Brazilian President Luiz Inácio Lula da Silva ahead of COP30 is still far short of the $25 billion in public funds it aims to secure.
Following talks between government ministers and Lula yesterday, Germany said it would contribute one billion euros ($1.1 billion) over the next 10 years, praising the “innovative approach” of the investment-driven multilateral fund proposed by Brazil.
The TFFF is a blended finance instrument that will invest in financial markets and pay a share of any returns to tropical countries that are protecting their rainforests. At least 20% of all payments must be allocated to Indigenous people and local communities.
“It’s about protecting the tropical rainforests, the lungs of our planet,” a statement by Germany’s development and environment ministers said after Wednesday’s meeting.
Germany’s promise of support follows a Norwegian pledge of 3 billion euros over the coming decade – if certain stringent conditions are met, while Brazil and Indonesia have pledged $1 billion each, with Colombia offering $250 million. France has also said it will consider contributing 500 million euros over the next five years.
That brings the total pledged so far to roughly $7 billion.
British climate minister Ed Miliband said on Monday the UK government was keeping “the option of an investment under review”.
Talks have also been held with China, the United Arab Emirates, Australia, Japan and Canada, Brazil although none of those countries have so far announced pledges.n official João Paulo de Resende told Climate Home News last month,
Resende said securing political support was more important at this stage than funding promises, which can come later.
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COP30 Bulletin Day 7: Brazil sets out options to agree a Belém package
The COP30 presidency signposts how governments could land a political decision covering climate finance, trade measures and the emissions cuts needed to limit warming to 1.5C -
COP30 Bulletin Day 8: Draft decision draws battle lines on fossil fuel transition, finance and trade
Countries are working on a “Mutirão” decision that will be at the heart of a Belém political package to drive forward multilateral climate action -
COP30 Bulletin Day 9: Belém package elusive as Lula steals the show
After spending the day in high-level meetings at COP30, Brazil’s president says rich nations need to help poor ones on climate action, while a planned early deal is yet to emerge
Roman ruins and lots of hotels – Türkiye’s pitch to host COP31
Outlining their ultimately successful bid to host COP31, Turkish officials pitched the country as a lower-emissions choice due to its location at the crossroads of Europe and Asia, and played up the rich cultural heritage and top-level tourist facilities of the resort city of Antalya.
Australian Minister for Climate Change and Energy Chris Bowen announced last night that his country was ceding the summit’s hosting rights to Türkiye, though Australia – which had greater support for its candidacy – will lead the negotiations.
Türkiye’s pitch for the talks to be held in Antalya, made in a presentation to delegates at the Bonn climate talks in June, promised to deliver a “zero-waste COP”, with a strong focus on heritage sites such as nearby Roman ruins and a shrine to Saint Nicholas of Myra, the inspiration for Santa Claus. The presentation’s slides also praised the Mediterranean city’s food and golf courses.
Turkish officials argued that a COP held in Antalya would have a smaller carbon footprint than Australia’s proposal of Adelaide due to its central geographical location, and also sought to emphasise the city’s urban transport network as well as its strong local logistics and supply chain.
Antalya, which is a similar size to Belém, with a population of roughly 1.5 million people, is popular with European and Russian sun-seekers in summer. By November, when the COP will be held, temperatures will have dropped to highs of about 21C (70F). That means COP delegates won’t have to compete with as many tourists for the 628,000 beds that the Turkish government says the city has to offer – far more than Belém.
But at a time of worries about democratic backsliding in Türkiye, hosting COP31 in Antalya may draw concerns.
Mahir Ilgaz, a Turkish regional programme director at Oil Change International, voiced concern about the decision, noting in a social media post that elected mayors – including Antalya’s – have been replaced by government-appointed trustees.
“Colleagues working on local engagement are already wondering how to operate safely and meaningfully in that context”, he wrote on LinkedIn.
Meanwhile, a former Turkish climate diplomat told Climate Home News that they were disappointed Turkiye would not hold the presidency.
“We bear the burden, but they hold the power. We have the drum but they hold the drumstick. We do the work but they make the decisions,” the official said.
The post COP30 Bulletin Day 10: Germany pledges €1 billion to TFFF forest fund appeared first on Climate Home News.
COP30 Bulletin Day 10: Germany pledges €1 billion to TFFF forest fund
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Prepared by a coalition of nine Western Australian union, industry, conservation, and community organisations—including UnionsWA, the Conservation Council WA, and the Smart Energy Council—the WA Clean Energy, Jobs & Industry Plan provides a practical roadmap to transform Western Australia into a clean energy powerhouse while creating thousands of secure local jobs.
Western Australia stands at a pivotal crossroads: lead the global clean energy economy or watch investment, future industries, and secure jobs go elsewhere. The WA Clean Energy, Jobs & Industry Plan outlines a transformative blueprint to harness the state’s world-class solar and wind resources. Discover how legislated renewable targets, green iron manufacturing, and a dedicated regional training strategy can generate tens of thousands of local jobs, lower household bills, and build a resilient, net-zero future for all Western Australians.
WA needs a clear and forward-thinking plan if it is going to become a competitive renewable energy powerhouse and maintain its economic strength through the energy transition.
“Western Australians know a faster renewable energy transition will lower their household expenses and prevent harmful climate pollution. But the community also needs clear direction to ensure this transition will create jobs, lower costs and not cause undue environmental harm.
“Here, sectors representing a broad range of interests have laid the groundwork for those outcomes, clearly outlining what is needed to create a future for WA that is good for the environment, for the climate, for workers and for the economy.
Summary
The WA Clean Energy, Jobs & Industry Plan sets out a strategic roadmap to position Western Australia as a global clean energy superpower while creating thousands of secure local jobs.
The report establishes three overarching goals:
- Creating local employment.
- Maintaining industrial competitiveness.
- Lowering household energy costs
To realize this vision, the framework details actionable measures to follow on from the recent WA Government announcement of a 75% Renewable Energy Target by 2031 for the South West Interconnected System. This includes developing a statewide Renewable Energy Target, coordinating statewide workforce and training pipelines, strategically planning regional infrastructure to safeguard high-value biodiversity and cultural heritage, and ensuring equitable benefit-sharing through household electrification incentives and First Nations equity partnerships. Ultimately, the plan highlights that establishing clear policy and regulatory certainty will unlock lower energy bills, boost power reliability, and secure the state’s global competitiveness in emerging green commodity export markets.
Key Findings
- Statewide Renewable Energy Target and Emissions Reduction Targets: The report calls for a statewide RET and 1.5°C aligned emission reduction targets to remove policy risk, lower capital costs, and attract clean energy investment.
- Transformative Job Creation: Accelerating the transition offers massive employment prospects, including up to 8,800 solar and battery jobs by 2050, as well as 24,000 ongoing and 11,000 construction jobs in a commercial green iron industry.
- Industrial Electrification & Competitiveness: Requiring large gas users to adopt binding electrification timetables and providing concessional financing will protect existing energy-intensive manufacturers from rising energy costs and impending domestic gas shortfalls.
- Green Commodity Export Leadership: Western Australia can build new export markets in green iron, green ammonia, and offshore oil/gas decommissioning by constructing shared common-user infrastructure and setting dedicated Green Commodity Export Targets.
- Coordinated Workforce & Training Pipeline: To address critical skill shortages the plan recommends establishing a WA Clean Energy Jobs Plan 2050, three regional training hubs, and dedicated pathways for female and under-represented apprentices.
- Environmental Safeguards & Community Benefits: Fast-tracked development must be paired with State Planning Policies that avoid high-biodiversity and cultural heritage lands, mandate new data centres to run on additional renewable power, and deliver household electrification rebates and First Nations equity partnerships.
What you can do
WA has an opportunity to lead on sustainable, clean energy and associated industries. You can help by:
- Sending an email to Environment Minister Murray Watt and Prime Minister Anthony Albanese, calling on them to reject Browse.
- Sharing this story to help more Australians understand what’s at stake.
- Encouraging your friends and family to take action.
Countries have completed the first “global review” of their progress towards reversing nature loss by 2030 at the COP17 biodiversity talks in Yerevan, Armenia.
The review “notes with deep concern” that, unless action is “rapidly accelerated”, the goal to reverse nature loss and meet a set of 23 targets by 2030 “will not be achieved”.
It “urges” countries to accelerate action, including by “increased ambition in addressing the gaps”.
Much of the discussions in Yerevan focused on how to raise the necessary funds to help developing countries protect nature.
Some major economies pushed to expand the range of nations that are expected to provide finance, with countries agreeing at the end of the two weeks of talks that non-donors that want to contribute can “signal interest” before COP18.
This came after developed countries failed to meet a target to significantly ramp up nature finance over the last few years.