The Tropical Forest Forever Facility (TFFF) – a new global fund for rainforest protection led by Brazil – can be launched successfully at COP30 with strong political backing from other countries even without reaching its $25-billion target for capital from donor governments, Brazil’s lead finance expert said.
The hope is that other countries will come forward with pledges at the UN climate summit but no minimum set amount is required for the fund to get off the ground, he emphasised.
The TFFF is being structured as a blended finance instrument that could raise $4 billion per year to help keep tropical forests standing by investing in financial markets. The fund’s concept note estimates that, as startup capital, it would need $25 billion from governments and $100 billion from private investors.
João Paulo de Resende, climate and economics advisor at Brazil’s Finance Ministry and its lead TFFF expert, told a webinar hosted by Climate Home News on Thursday that Brazil is seeking clear political support from both donor and rainforest countries for the TFFF at COP30. It is due to be launched at a leaders’ summit in the Amazon city of Belém on November 6.
“What we need to reach by COP is a certain level of commitment that shows that there is enough interest in the international community to make this happen, because we can carry on in the following months,” de Resende said.
He added that talks are at a mature stage with five potential donor countries – Germany, Norway, UK, France and the United Arab Emirates (UAE). Discussions with other potential donors – such as Australia, Japan, Canada and China – have only kicked off recently, he noted.
“We don’t expect to get pledges from these countries that we’ve just started talking to. We can perfectly get those at the COP. And the Brazilian presidency [of COP30] runs through the next year. What we do need to get at the COP is a political message that this is the way forward,” he said.
Brazil is so far the only country to have pledged money to the TFFF, with an initial $1 billion investment announced at the UN General Assembly in New York in September. President Luiz Inácio Lula da Silva has personally promoted the fund at meetings with other world leaders and has been “talking about a commitment” with Indonesia during a state visit to Jakarta this week, de Resende said.
Tørris Jaeger, executive director of the Rainforest Foundation Norway which is promoting the fund, said that in his conversations with Germany’s ministry of finance, “they are asking very tough questions about how the fund is configured.” De Resende joked that “it seems Ethiopia may be more willing to commit to this than the UK and France”, suggesting Brazil is getting impatient with some governments’ reservations.
The TFFF achieved a key milestone ahead of COP30 this week, as the World Bank confirmed it will take on most of the fund’s administrative workload, serving as interim secretariat host and trustee.
Brazilian Finance Minister Fernando Haddad said this transforms the TFFF “from an idea into a fully operational reality”, although de Resende said on Thursday that many of the details will be worked out next year between countries that sign up to the TFFF.
Managing risk in TFFF investments
Despite their vital role in absorbing and storing climate-heating carbon, forests face a $216-billion funding gap for their protection every year, according to a 2025 report from the UN Environment Programme. Existing financing mechanisms like the Global Environment Facility or the Green Climate Fund rely on government development budgets, which de Resende said are unstable.
The TFFF’s approach is to invest initial capital raised from governments and private sources such as sovereign wealth funds and pension funds. The returns would be used to pay developing countries that can demonstrate they are keeping their forests standing and reducing deforestation to an agreed level.
“There is some risk. In very exceptional years like the (COVID-19) pandemic or the 2008 financial crisis you may need to suspend payments,” said the Brazilian government expert. “But it should be a lot more regular than what you see today with government aid.”
Explainer: Can a new climate fund help save the world’s rainforests?
The fund’s main strategy is to invest in emerging market bonds, which are riskier but can generate high enough returns to pay forest countries. The TFFF also has an exclusion policy for investments in polluting industries like oil and gas, which de Resende also said would force investors to take on more risk.
Jaeger highlighted the fund’s role in creating incentives for protecting old-growth forests. At a global level, primary forests have been cleared at concerning rates, with 6.7 million hectares lost in 2024 alone.
“As with any investment there is a risk. But let’s not forget that there’s also a risk on the other end in that we’re not stopping deforestation and these intact forests get lost,” Jaeger told the event.
Indigenous communities call for support
Once TFFF payments are up and running, local communities will need support in building the skills and legal structures needed to access the funds, said Juan Carlos Jintiach, an Ecuadorian Indigenous leader and executive secretary of the Global Alliance of Territorial Communities.
“We have to have an equal level of information. This inter-cultural dialogue is sometimes very challenging for some countries, because all the time they come from the top to the ground. This is not acceptable anymore,” Jintiach said during Climate Home’s panel.
The fund’s proposal foresees that 20% of payments to forest countries will be reserved for Indigenous peoples who are often the ones looking after forests on the ground. Some experts have said this devolved funding could be hard to implement in practice due to a lack of legal and administrative capacity.
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“We need to change the narratives,” the Indigenous leader said. “It’s not good to only look at me as a simple beneficiary. You will look at me as a real partner who can do this together with you, because I’m going to be on the ground giving my life protecting you.”
Pakhi Das, public policy advisor with NGO Plant-for-the-Planet, said the TFFF is an “evolving concept”, adding that concerns from observers have been taken into account in shaping its latest version.
Her organisation has developed a platform called TFFF Watch that will track investments and provide estimates of potential payments to countries with tropical forests.
“There is a very positive notion that [the TFFF] will evolve into something that is tailored-made for the greater good,” Das told Climate Home’s event.
The post Political backing more important than money for new forest fund at COP30, Brazil says appeared first on Climate Home News.
Political backing more important than money for new forest fund at COP30, Brazil says
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Heatwaves driving recent ‘surge’ in compound drought and heat extremes
Drought and heatwaves occurring together – known as “compound” events – have “surged” across the world since the early 2000s, a new study shows.
Compound drought and heat events (CDHEs) can have devastating effects, creating the ideal conditions for intense wildfires, such as Australia’s “Black Summer” of 2019-20 where bushfires burned 24m hectares and killed 33 people.
The research, published in Science Advances, finds that the increase in CDHEs is predominantly being driven by events that start with a heatwave.
The global area affected by such “heatwave-led” compound events has more than doubled between 1980-2001 and 2002-23, the study says.
The rapid increase in these events over the last 23 years cannot be explained solely by global warming, the authors note.
Since the late 1990s, feedbacks between the land and the atmosphere have become stronger, making heatwaves more likely to trigger drought conditions, they explain.
One of the study authors tells Carbon Brief that societies must pay greater attention to compound events, which can “cause severe impacts on ecosystems, agriculture and society”.
Compound events
CDHEs are extreme weather events where drought and heatwave conditions occur simultaneously – or shortly after each other – in the same region.
These events are often triggered by large-scale weather patterns, such as “blocking” highs, which can produce “prolonged” hot and dry conditions, according to the study.
Prof Sang-Wook Yeh is one of the study authors and a professor at the Ewha Womans University in South Korea. He tells Carbon Brief:
“When heatwaves and droughts occur together, the two hazards reinforce each other through land-atmosphere interactions. This amplifies surface heating and soil moisture deficits, making compound events more intense and damaging than single hazards.”
CDHEs can begin with either a heatwave or a drought.
The sequence of these extremes is important, the study says, as they have different drivers and impacts.
For example, in a CDHE where the heatwave was the precursor, increased direct sunshine causes more moisture loss from soils and plants, leading to a drought.
Conversely, in an event where the drought was the precursor, the lack of soil moisture means that less of the sun’s energy goes into evaporation and more goes into warming the Earth’s surface. This produces favourable conditions for heatwaves.
The study shows that the majority of CDHEs globally start out as a drought.
In recent years, there has been increasing focus on these events due to the devastating impact they have on agriculture, ecosystems and public health.
In Russia in the summer of 2010, a compound drought-heatwave event – and the associated wildfires – caused the death of nearly 55,000 people, the study notes.

The record-breaking Pacific north-west “heat dome” in 2021 triggered extreme drought conditions that caused “significant declines” in wheat yields, as well as in barley, canola and fruit production in British Columbia and Alberta, Canada, says the study.
Increasing events
To assess how CDHEs are changing, the researchers use daily reanalysis data to identify droughts and heatwaves events. (Reanalysis data combines past observations with climate models to create a historical climate record.) Then, using an algorithm, they analyse how these events overlap in both time and space.
The study covers the period from 1980 to 2023 and the world’s land surface, excluding polar regions where CDHEs are rare.
The research finds that the area of land affected by CDHEs has “increased substantially” since the early 2000s.
Heatwave-led events have been the main contributor to this increase, the study says, with their spatial extent rising 110% between 1980-2001 and 2002-23, compared to a 59% increase for drought-led events.
The map below shows the global distribution of CDHEs over 1980-2023. The charts show the percentage of the land surface affected by a heatwave-led CDHE (red) or a drought-led CDHE (yellow) in a given year (left) and relative increase in each CDHE type (right).
The study finds that CDHEs have occurred most frequently in northern South America, the southern US, eastern Europe, central Africa and south Asia.

Threshold passed
The authors explain that the increase in heatwave-led CDHEs is related to rising global temperatures, but that this does not tell the whole story.
In the earlier 22-year period of 1980-2001, the study finds that the spatial extent of heatwave-led CDHEs rises by 1.6% per 1C of global temperature rise. For the more-recent period of 2022-23, this increases “nearly eightfold” to 13.1%.
The change suggests that the rapid increase in the heatwave-led CDHEs occurred after the global average temperature “surpasse[d] a certain temperature threshold”, the paper says.
This threshold is an absolute global average temperature of 14.3C, the authors estimate (based on an 11-year average), which the world passed around the year 2000.
Investigating the recent surge in heatwave-leading CDHEs further, the researchers find a “regime shift” in land-atmosphere dynamics “toward a persistently intensified state after the late 1990s”.
In other words, the way that drier soils drive higher surface temperatures, and vice versa, is becoming stronger, resulting in more heatwave-led compound events.
Daily data
The research has some advantages over other previous studies, Yeh says. For instance, the new work uses daily estimations of CDHEs, compared to monthly data used in past research. This is “important for capturing the detailed occurrence” of these events, says Yeh.
He adds that another advantage of their study is that it distinguishes the sequence of droughts and heatwaves, which allows them to “better understand the differences” in the characteristics of CDHEs.
Dr Meryem Tanarhte is a climate scientist at the University Hassan II in Morocco, and Dr Ruth Cerezo Mota is a climatologist and a researcher at the National Autonomous University of Mexico. Both scientists, who were not involved in the study, agree that the daily estimations give a clearer picture of how CDHEs are changing.
Cerezo-Mota adds that another major contribution of the study is its global focus. She tells Carbon Brief that in some regions, such as Mexico and Africa, there is a lack of studies on CDHEs:
“Not because the events do not occur, but perhaps because [these regions] do not have all the data or the expertise to do so.”
However, she notes that the reanalysis data used by the study does have limitations with how it represents rainfall in some parts of the world.
Compound impacts
The study notes that if CDHEs continue to intensify – particularly events where heatwaves are the precursors – they could drive declining crop productivity, increased wildfire frequency and severe public health crises.
These impacts could be “much more rapid and severe as global warming continues”, Yeh tells Carbon Brief.
Tanarhte notes that these events can be forecasted up to 10 days ahead in many regions. Furthermore, she says, the strongest impacts can be prevented “through preparedness and adaptation”, including through “water management for agriculture, heatwave mitigation measures and wildfire mitigation”.
The study recommends reassessing current risk management strategies for these compound events. It also suggests incorporating the sequences of drought and heatwaves into compound event analysis frameworks “to enhance climate risk management”.
Cerezo-Mota says that it is clear that the world needs to be prepared for the increased occurrence of these events. She tells Carbon Brief:
“These [risk assessments and strategies] need to be carried out at the local level to understand the complexities of each region.”
The post Heatwaves driving recent ‘surge’ in compound drought and heat extremes appeared first on Carbon Brief.
Heatwaves driving recent ‘surge’ in compound drought and heat extremes
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