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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.

    World failing on goal to halt deforestation by 2030, raising stakes for Amazon COP

    “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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    Pawa in Palau

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    This week our powerful Pacific team is in Palau for the Pacific Islands Forum Leaders Meeting. This is a major moment in our campaigns for Pacific climate justice and to stop deep sea mining. So what’s it all about, what can we expect over the coming days, and why is this year’s meeting in particular so important? Read on to find out!

    *Pawa is Melanesian word meaning collective power.

    Meet Moemoana Schwenke, our Pacific Climate Campaigner

    “When you love something deeply, you do everything you can to protect it.”

    @greenpeaceap

    For us in the Pacific, protecting our home is an expression of love. Follow our journey across the Pacific all the way to COP31 in Türkiye. Pacific voices continue to lead the call for climate justice champion our priorities and build a movement for a Fossil Fuel Free Pacific, from our islands to the world. Join the movement and follow the journey. @Moemoana Schwenke

    ♬ original sound – Greenpeace Australia Pacific

    What is the Pacific Islands Forum (PIF)?

    The Pacific Islands Forum, or ‘PIF’, is our region’s most important political organisation. It is where countries of the Pacific — including Australia and New Zealand — come together to collaborate on shared challenges and to set collective goals.

    The PIF Leaders Meeting is an annual weeklong event that includes a dedicated meeting of the Pacific’s small island developing states (PSIDS), many special side events organised by Pacific civil society, the leaders’ meeting itself, and more. At the end of the week, leaders issue a Forum Communiqué, capturing what they have agreed on, their shared priorities and the actions they will take together.

    This year’s meeting is being held in the beautiful northern Pacific nation of Palau, the same place our Pacific team gathered back in January to plan for the year.

    Islands in Palau
    © Hector John Periquin

    What’s at stake this year?

    Climate change has dominated the PIF for decades. Pacific leaders have been crystal clear it is their number one priority, and the annual gathering is the moment they can exert maximum pressure on Australia over its fossil fuel record.

    The voyage to COP31

    This year’s meeting comes less than three months before COP31, where Australia will take on the role of President of Negotiations — a role it has committed to undertaking in partnership with the Pacific — and less than a month before the ‘Pacific Pre-COP’, to be held in Fiji and Tuvalu.

    Following a fraught round of mid-year negotiations in Bonn, PIF leaders will need to set out a clear vision and priorities for COP31. These include accelerating a just global transition away from fossil fuels, defending science as the foundation of international climate cooperation, and increasing the availability and accessibility of finance for renewable energy and climate adaptation.

    Pictured left to right - 
- Dr Simon Bradshaw, COP31 Lead and report author, Greenpeace Australia Pacific
-Belyndar Rikimani, Campaigns and Research Lead, Pacific Islands Students Fighting Climate Change
-Shiva Gounden, Head of Pacific, Greenpeace Australia Pacific
    © Greenpeace / Marie Jacquemin

    Accountability for Australian fossil fuel exports

    Since the last PIF Leaders Meeting, Australia has signed the Belém Declaration on the Transition Away from Fossil Fuels. The declaration reaffirmed the legally binding commitment to help limit global warming to 1.5°C and recognised that this is incompatible with new fossil fuel production. Yet, Australia has continued to approve new coal and gas projects, including at least five since the last PIF Leaders Meeting.

    Barry Dick observes the community graveyard impacted by coastal erosion on Pele Island in Vanuatu.
    © Niki Kuautonga / Greenpeace

    What is Greenpeace doing?

    We’re going big this year, taking six members of our team to Palau to support Pacific leaders to hold the line, hold Australia accountable, and show the world what’s at stake. We’ll lobby leaders, hold press conferences, share our messages with the world, and support our incredible local partners in Palau.

    Members of the Greenpeace Pacific team at the Pacific Islands Forum leaders' meeting in Palau, 2026.

    How can you get involved?

    PIF is the first in a drumbeat of major moments where we’ll be carrying the voices of the Pacific to the world. Come October we’ll be voyaging to Fiji on our ship Oceania for the Pacific Pre-COP, and in November we’ll be off to Antalya for the world’s climate negotiations (COP31).

    Learn more about the Pacific way to a fossil fuel free future by checking out our report and exhibition.

    Follow our journey, and check back here for more ways to join the movement for climate justice. Together we have the pawa!

    Pawa in Palau

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    From firefighting to future-proofing: Preventing wildfires must be the priority

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    Gill Einhorn is head of the Forest Future Alliance and Natalie Çilem is community lead of the Global Wildfire Leadership Network.

    Wildfires have devastated communities across the world this summer, claiming lives, displacing thousands of people and leaving billions in economic damage in their wake. In Europe alone, wildfires have already caused an estimated €19 billion in losses this year.

    They are an economic, financial and public health challenge that is growing faster than many governments and markets are prepared for – and exposing the real costs of poor land management.

    A system built for recovery, not resilience

    Far more money is currently spent responding to the disastrous effects of wildfires than preventing them in the first place. The United Nations Environment Programme estimates that more than half of wildfire-related spending goes towards response, while planning receives only around 0.2 percent. This problem is not limited to wildfires; over 95 percent of disaster aid between 2005 and 2017 was allocated to response, and less than 4 percent was directed towards prevention or preparedness.

    Forests are critical, but without investment in how land is managed and protected, their value is neither stable nor guaranteed. Protecting forests requires investing not only in conservation, but in the conditions that keep forests standing.

      Each dollar invested in wildfire-resistant construction could save around $210 in avoided future economic losses, according to a report by the World Economic Forum and Forest Future Alliance. Despite this evidence that prevention can significantly reduce future costs, wildfire resilience remains chronically underfunded.

      This spending discrepancy is creating significant challenges for insurers, asset owners and financial institutions. Global insured losses from natural catastrophes reached $107 billion in 2025, with wildfires, floods and storms accounting for 92 percent of claims.

      In this context, insurers are reassessing where and how they are willing to underwrite risk. Around 56 percent of global wildfire losses between 2000 and 2023 were uninsured. In some high-risk areas, insurers are scaling back coverage altogether, leaving homeowners, businesses and governments to shoulder a growing share of the costs – making it increasingly difficult to break even.

      Proven solutions are already paying off

      In many regions, wildfires are driven not by natural causes but by the deliberate clearing of land for agriculture. Degraded landscapes are becoming drier, more flammable and increasingly vulnerable to catastrophic loss, creating a vicious cycle of deforestation, economic damage and rising emissions.

      The answer is not simply stronger firefighting capacity. Governments, investors and businesses must work together to shift capital upstream into prevention, resilience and long-term landscape stewardship of healthy forests. That means planting appropriately, investing in heat-resistant species, exploring approaches that minimise fire footprints through active management, and exploring the AI and technology solutions that are burgeoning.

      A burnt olive tree in an area affected by a wildfire in Ano Sichaina near Patras, Greece, August 14, 2025. REUTERS/Louiza Vradi

      A burnt olive tree in an area affected by a wildfire in Ano Sichaina near Patras, Greece, August 14, 2025. REUTERS/Louiza Vradi

      Solutions to this already exist and are proven to have an impact. Following devastating wildfires year-on-year, Portugal shifted its approach to wildfire management, increasing prevention spending within its national rural fire management system from around 20 percent in 2017 to approximately 60 percent in 2022. While many countries remain locked in a reactive cycle of disaster response, public policy can shift investment upstream and make resilience a priority before fires occur.

      Indigenous communities have long used proactive land stewardship to reduce wildfire risk while supporting healthy and productive landscapes. For example, the Cheslatta Carrier Nation in British Columbia traditionally managed fuels through cultural fire practices but now implements mechanised fuel removal methods under commercial agreements. By combining Indigenous stewardship with sustainable forest management, Cheslatta is generating community benefits while also boosting wildfire prevention.

      Resilience can also be strengthened through finance and technology. FireSat, a partnership led by Earth Fire Alliance with Google.org, the Gordon and Betty Moore Foundation and Muon, is a satellite constellation designed for rapid wildfire detection. Scanning every 20 minutes, it can detect fires 400 times smaller than current systems and track them through smoke and darkness in almost real time. In California alone, FireSat could prevent up to 350,000 acres from burning each year. It has recently received significant new investments allowing it to expand towards a constellation of more than 50 satellites that will monitor every point on Earth every 20 minutes or less.

      In Brazil’s Pantanal, the Embrace the Forest initiative uses AI-powered detection towers across 2.5 million hectares to support earlier intervention and faster response. During the severe 2024 fire season, the initiative contributed to a 40 percent reduction in burned area compared to 2020.

      A drone view shows burnt cars following a wildfire in Dymi, near Patras, Greece August 14, 2025. REUTERS/Louiza Vradi

      A drone view shows burnt cars following a wildfire in Dymi, near Patras, Greece August 14, 2025. REUTERS/Louiza Vradi

      These examples illustrate what is possible when resilience is treated as an investment priority rather than a recovery cost. But we must ensure funding for these measures is scaled before disaster strikes. Initiatives like the Global Wildfire Leadership Network (GWLN) are key, bringing together corporate decision-makers, investors, insurers, governments and Indigenous leaders to direct investment towards prevention and align finance, technology and stewardship to protect nature, safeguard communities and strengthen future economic stability. With a goal of doing more together than the sum of our parts, the network focuses on Forest Future Alliance GWLN Solutions Labs – where partners sign up with the intent to collaborate.

      Rewarding prevention

      Financial incentives must be created that reward prevention. This can be done by scaling public-private partnerships, supporting long-term landscape stewardship, investing in community capacity including Indigenous wisdom and technology. Ultimately, our terrestrial natural reserves are critical infrastructure that support resilient economies and thriving communities.

      One in three people are dependent on forest services, goods and economic opportunities for survival, so it’s in all our interests to protect what we have. Forests support cooling, water and food security – and are a very cost-effective way of removing carbon dioxide from the atmosphere, where done appropriately.

      UN chief warns climate crisis “in overdrive” as El Niño threatens to fuel the fire

      No sector can solve this challenge alone. The benefits of wildfire resilience are shared across communities, governments, insurers, investors, utilities and businesses. A single intervention can protect homes and livelihoods, reduce insurance claims, secure water supplies and lower future public costs. Because the benefits are shared, the solutions must be too. Coalitions of actors can take proven approaches further than any one individual or organisation could alone.

      As wildfires continue to burn at an unprecedented scale, the opportunity now is to roll out solutions, shift investment upstream and build a future where resilience, rather than recovery, becomes the foundation of thriving economies.

      The post From firefighting to future-proofing: Preventing wildfires must be the priority appeared first on Climate Home News.

      From firefighting to future-proofing: Preventing wildfires must be the priority

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      Guest post: Why tough methane cuts are crucial for keeping warming ‘well-below’ 2C

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      Methane is a powerful greenhouse gas and the second-largest contributor to global warming after carbon dioxide (CO2).

      Methane traps heat in the atmosphere more efficiently than CO2, but has a significantly shorter lifespan, fading after just a few decades.

      Therefore, reducing emissions of methane – a gas primarily produced by agriculture, fossil fuels and waste management – is a powerful option for limiting global warming in the near-term.

      Yet climate strategies and models often only focus on CO2, or combine all greenhouse gases into one metric known as “CO2 equivalent”.

      The latter approach makes reducing methane emissions dependent on modelling choices and assumptions about the “equivalence” of methane and CO2.

      It hides the opportunities and challenges linked to methane’s high warming and short lifetime.

      In a new study, published in Communications Earth & Environment, we offer a different perspective that “decouples” CO2 and methane reduction and takes global warming limits as a starting point for determining the required level of methane cuts.

      We show that, even under the most ambitious existing national net-zero targets, an absence of methane reduction leads to peak warming that exceeds 1.85C above pre-industrial levels.

      The study highlights that, to limit peak warming to well-below 2C, net-zero CO2 targets must be complemented by stringent methane emissions cuts.

      CO2 equivalent

      How much methane corresponds to one tonne of CO2?

      The question is as difficult to answer as: ‘how much spaghetti equals a chicken?’ You could compare the two meals according to their calories, protein content or cost. Each metric can be convenient, but is only valid for that specific comparison – no amount of spaghetti is the same as a chicken.

      The same is true for the conversion of emissions of methane and other gases to CO2-equivalent emissions. It can be convenient, as it allows different gases to be compared or combined into a single number. This is why the metric is used in climate targets or evaluating the effectiveness of different mitigation options.

      But, because methane and CO2 have different atmospheric lifetimes and warming properties, any conversion is only valid for a chosen time horizon and a chosen baseline.

      Depending on the assumptions baked into calculations, methane mitigation can either appear as an immediate priority or framed as almost unnecessary.

      There are a number of metrics that scientists use to convert greenhouse gases – whether methane, hydrofluorocarbons or nitrous oxide – into CO2-equivalent emissions:

      • “GWP20” measures how much heat a greenhouse gas traps in the atmosphere over a 20-year period, relative to CO2. It emphasises urgent methane mitigation but has been criticised for its implicit discounting of future damages.
      • “GWP100” looks at a 100-year timeline. It gives more weight to long-term warming and is used in “integrated assessment models” (IAMs) used by scientists, national emission reporting to the UN and by the GHG Protocol used by companies.
      • GWP*” considers the rate of emissions, rather than warming over a fixed time horizon. Under GWP*, very limited methane reductions bring CO2-equivalent emissions to zero, meaning remaining methane emissions can be designated as causing “no additional warming”. (This interpretation remains controversial as it assumes the continuation of historical levels of warming.)

      IAMs are the tools used to generate future emissions scenarios. Because they combine CO2 and methane emissions, the impact of methane emission cuts alone is difficult to isolate in existing emission scenarios.

      IAM-generated scenarios also assume mitigation decisions driven by costs. Combinations of CO2 and methane emission pathways that are not purely cost-effective are, therefore, not represented, even though climate policy is messy and emission pathways are rarely cost-effective in the real world.

      Only a few countries – including Japan, Mexico and South Korea – specify methane mitigation targets.

      A different approach

      In our study, we separate CO2 and methane emissions and treat them as independent.

      Instead of choosing a conversion method, we suggest that states and organisations set a limit on peak global warming first, then, based on their existing net-zero targets, determine the minimum compatible methane reduction target.

      Companies and countries around the world have set net-zero targets focused on CO2, as well as those that include all greenhouse gases. As a result, our research looks at the necessary methane reductions for both types of goal. We consider scenarios where companies or countries deliver linear – in other words, steady – emissions reductions to reach net-zero.

      Using a simple climate model, we systematically combined methane and CO2 (or greenhouse gas) mitigation pathways starting in 2025 and calculated peak warming.

      The figure below shows how peak warming depends on both the year of reaching net-zero CO2 and the level of methane cuts.

      Peak global warming relative to 1850-1900 reached until 2100 (50% likelihood), for combinations of the year of global net-zero CO2 emissions (x-axis) and the change in global methane (CH4) emissions between 2020 and that year (y-axis), assuming linear trajectories. Black lines are contours of equal peak warming. The three bars on the right show independent estimates of where CH4 emissions could or would land on the same vertical scale: CH4 mitigation available at no net cost (IEA, red), the 2030 mitigation potential (Global methane status report, orange), and the current legislation scenario for 2050 (Global methane status report, purple). Adapted from Weber et al. (2026).

      The blue arrows in the figure show that to limit warming to 1.7C under a 2050 net-zero CO2 scenario, methane emissions would need to fall by at least 69% by 2050, relative to 2020.

      Our research also finds that, if an organisation or country’s 2050 net zero-target covers all greenhouse gases, its methane emissions would need to fall by 63% instead.

      However, under current policies, methane emissions are expected to increase by around 20% by 2050, relative to 2020. We find that this pathway would result in peak warming above 2C by 2050 – even if global CO2 emissions were to reach net-zero by that date (see purple bar on the right-hand side of the figure above).

      The figure also shows how, if methane emissions remained at 2020 levels and net-zero CO2 was delivered by 2040 or later, warming would exceed 1.85C. This level of warming is above what has been argued as consistent with the Paris Agreement’s “well-below” 2C limit.

      Conversely, cutting methane emissions by around one-third – in line with the Global Methane Pledge target for 2030 – could reduce peak warming by 0.15C, of which 0.05C could be delivered by interventions that come at no net cost. These are shown by the orange and red bars, respectively, on the figure above.

      The table below highlights the minimum compatible methane cuts for three different peak warming levels and net-zero CO2 or greenhouse-gas emission targets.

      Peak warming Year of net-zero CO2 emissions Year of net-zero greenhouse-gas emissions
      2050 2060 2100 2050 2060 2100
      1.7C -69% -63%
      1.8C -32% -56% -11% -47%
      2C +8% -8% -83% >50% +33% -78%

      Minimum methane emission reductions between 2020 and the year of net-zero emissions, consistent with peak warming of 1.7C, 1.8C, and 2.0C at 50% likelihood, assuming linear emission trajectories. For some net-zero targets and peak warming levels, there are no compatible methane mitigation targets (indicated by “–”).

      Remaining carbon budget

      The global carbon budget refers to the amount of cumulative CO2 emissions allowable while still meeting a particular global warming threshold.

      The 2021 climate science report from the Intergovernmental Panel on Climate Change (IPCC) and a 2023 Nature study estimated that, by 2025, the remaining carbon budget for holding warming to 2C would be around 1,000-1,150bn tonnes of CO2 (GtCO2).

      We find that these estimates are founded on the assumption of methane reductions of 27-35% by 2050, relative to a 2020 baseline. (A 2024 Communications Earth & Environment study reached similar conclusions.)

      Under the GWP* metric, where methane emissions are only cut to maintain “no additional warming”, the remaining carbon budget would be constrained. The best estimate of a 2C budget shrinks by around 30% to approximately 750GtCO2.

      Finally, if methane emissions are not cut at all in the future, our findings suggest that the remaining carbon budget for 1.7C of global warming has, in effect, already been exhausted.

      Our analysis shows how peak warming depends on both CO2 and methane reduction – and how methane-specific targets can help refine existing net-zero targets.

      Crucially, we show that complementing net-zero CO2 targets with stringent methane cuts is necessary to limit peak warming to well-below 2C.

      Weber, K. et al. (2026) Limiting warming by CO2 and methane mitigation in an expanded scenario space, Communications Earth & Environment, doi:10.1038/s43247-026-03832-1

      The post Guest post: Why tough methane cuts are crucial for keeping warming ‘well-below’ 2C appeared first on Carbon Brief.

      Guest post: Why tough methane cuts are crucial for keeping warming ‘well-below’ 2C

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