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A new global rainforest fund, unveiled by Brazil at COP30, will likely struggle to meet its initial funding target this year, after the UK failed to announce an expected pledge during London Climate Action Week and other donors have been slow to come on board.

The Tropical Forest Forever Facility (TFFF) was launched on the sidelines of last November’s UN climate summit as an innovative mechanism to fund rainforest protection. Instead of relying on grants, it seeks to raise public and private money, invest it in financial markets, and then pay rainforest countries a share of the returns.

The facility has so far raised $6.8 billion but needs to mobilise at least $10 billion by the end of 2026, under conditions set by Norway to unlock its pledge. If the fund falls short of this goal, the Norwegian contribution of up to $3 billion in loans over 10 years will not be disbursed.

At a gathering of ministers from rainforest-rich countries at London’s Kew Botanic Gardens last Tuesday in searing heat, UK climate minister Katie White praised the TFFF and said she had held a “robust conversation in government over the last few weeks” about the importance of forests and climate action.

She had argued, she said, that “this is not a nice to have – this is absolutely vital for our security and our prosperity”. She told the small crowd of visiting ministers, officials and forest campaigners at Kew that the TFFF was an “innovative and impactful development”.

Minister Katie White addresses a Forest and Climate Leadership high-level summit at Kew Gardens in London on June 23, 2026 (Photo: Joshua Bratt/FCLP)

But despite climate campaigners’ hopes, the British minister did not follow Norway, Germany, France, Brazil, Indonesia and Luxembourg in pledging to the fund, whose aim is to use returns on the capital it invests in bond markets to financially reward countries who keep their tropical forests standing.

Ed Davey, UK lead for the World Resources Institute who was in the room for White’s speech, told Climate Home News afterwards that as the UK was involved in inventing the idea and the British public care about rainforests, it is “incredibly important” that the government invests in the TFFF “as soon as possible”.

“The TFFF is at a very important stage of its gestation, and if a few other critically important sovereign governments don’t come on board quite soon, there is a risk that the idea will lose momentum,” he said.

    Anders Haug Larsen, advocacy director for the Rainforest Foundation Norway, was also disappointed at the lack of a British pledge during London Climate Action Week (LCAW).

    The UK government’s money and its power to mobilise private sector investment are crucial to the TFFF’s success, he said, adding that “saving tropical rainforest is a key component in solving climate change and preserving life on this planet”.

    Political divisions?

    British newspaper The Times later reported that White’s boss – energy and climate minister Ed Miliband – had been poised to announce a £400-million ($528m) investment pledge to the TFFF but had been opposed by UK finance minister Rachel Reeves.

    According to The Times, Reeves was concerned an announcement would be unpopular, as the government was being criticised by its former defence minister for not spending enough on the military, and had pushed for the announcement to be shelved.

    Climate Home News understands, however, that the UK Treasury had given the climate ministry approval to tell Brazil and Norway it would invest in the TFFF, but the administrative procedures needed to make the pledge had not been completed in time to announce a contribution during LCAW.

    Rachel Reeves (left), Keir Starmer (centre) and Ed Milliband (right) tour a beverage company facility on October 4, 2024 (Photo: Simon Dawson/Number 10)

    The UK has been cutting the amount it spends on foreign aid, including on climate projects, in order to deliver what its foreign minister called “the biggest increase in defence spending since the Cold War”.

    Projects affected include rainforest protection schemes like the Congo Basin Forest Action Programme, which has had its budget slashed by nearly 80%.

    Despite these moves to shrink overseas assistance, defence secretary John Healey resigned a few weeks ago, calling for even more spending for his department.

    Last Monday, the first day of LCAW, British Prime Minister Keir Starmer announced he would soon resign following bad local election results, with his fellow Labour parliamentarian Andy Burnham highly likely to replace him by the end of July. Reeves is looks set to be replaced as finance minister, with Miliband reportedly a leading candidate to succeed her.

    Norwegian test looms

    If the UK does not invest in the TFFF by the end of the year, along with other government donors, the initiative’s chances of reversing the destruction of tropical forests will be diminished, experts say.

    With the US under Donald Trump unlikely to pledge and the two biggest European Union nations France and Germany already having done so, forest campaigners were hoping that the UK could fill some of the roughly $3.2 billion in new pledges needed to meet the minimum goal set by Norway.

    Asked by Climate Home News if France would increase its $0.6 billion pledge, its minister for international partnerships Eleonore Caroit said last week, “I don’t have any specific information of any increase.” She added that France supports the TFFF but is also “focusing on other similar projects to achieve the same results”.

    The Brazilian finance ministry has courted investments into the fund from Japan, South Korea and China. Last Friday, Brazilian finance minister Dario Durigan met Chinese finance minister Lan Fo’an and afterwards told Valor Econômico that he had raised the possibility of an investment in the TFFF.

    “I think today, for the first time, China gave a stronger, firmer indication that it understands the TFFF model and is comfortable with it,” Durigan was quoted as saying. “There has been a positive signal,” he added. “Now we will work with his team to turn that into concrete commitments.”

    Larsen of the Rainforest Foundation Norway said there is also hope that Middle Eastern countries, more European nations and the European Union could contribute. The UAE has expressed interest in the fund, and has provided technical assistance for its development.

    Following a recent investor retreat in Rotterdam attended by government officials and private investors, a group of 12 financial institutions – including UK-based Ashmore Group and Dutch firm Robeco – endorsed the fund as an “opportunity to support the protection of up to a billion hectares of tropical forests”.

    They added that the fund’s seed capital from governments is “building momentum” and that the TFFF has put in place a “robust institutional governance” that can deliver results in the long term.

    Economic value for standing forests

    Details of how the TFFF will work are being finalised in an attempt to encourage investment.

    Earlier this month, it was announced that its investment arm (the Tropical Forest Investment Fund – TFIF) would be based in Luxembourg. The European financial hub said it will provide €50 million ($57m) to the TFIF through its Climate and Energy Fund between 2026 and 2030, after which it will “maintain a long-term annual contribution”.

    The Norwegian government has tasked a veteran of its sovereign wealth fund, Knut N. Kjaer, with reviewing the TFFF’s financial model.

    At Kew Gardens last week, the head of the Brazilian forest service Garo Batmanian said the TFFF and other measures are needed so that standing forests are economically valued and therefore protected.

    “There is no chainsaw-wielding maniac out there cutting down trees out of pleasure,” he said. “He’s cutting down trees because he thinks he can get more money using the land for something else, so it’s not only about stopping deforestation but also promoting that the standing forest has value.”

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    Tropical forest protection fund at risk after UK stalls on pledge

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    The Land Came First

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    An older teaching about land acknowledgement

    As I have come to understand the spirit and intention of land acknowledgement, I often return to fond memories of my grandmother and her words of wisdom. She taught that the health of the places we call home comes first, because the wellbeing of the people depends on it.

    In her teaching, land acknowledgement began with the land. Long before it became a paragraph read at the start of a meeting, it was a way of recognizing a homeland: its waters, its species, its seasons, and the spirit that revealed whether the place was well.

    Her teaching echoes a practice found across many Indigenous Nations. Haudenosaunee gatherings, for example, have long opened with the Ohén:ton Karihwatéhkwen, the Thanksgiving Address, often translated as “the words that come before all else.” The speaker greets and gives thanks to the people, the earth, the waters, the plants, the animals, the winds, the sun, the moon and the stars. Only after everything that sustains life has been acknowledged does the gathering turn to its own business.

    That order changes what an acknowledgement is for. Its purpose was to share the story of a place with neighbours and to draw them into the work of tending it. People entered the story second, as the ones responsible for what had just been named.

    Understood this way, an acknowledgement does more than open a meeting. It asks us to reconsider where we stand, and what we owe the ground beneath us.

    Nations among nations

    In her teaching, people are one nation among many. The salmon are a nation. So are the cedars, the bison, the medicine plants, and the pollinators. Each belongs to a place, carries its own responsibilities, and offers gifts no other nation can give.

    This idea of kinship runs through many Indigenous philosophies. The phrase “all my relations,” heard in ceremonies and gatherings across Turtle Island, is a reminder that family extends beyond people to the animals, plants, waters and lands that make life possible. Some Indigenous languages carry the same understanding in their grammar, speaking of many plants, animals and natural forces as living beings rather than objects.

    Sovereignty, understood through this relationship, is a kind of standing more than a form of control. Each nation belongs fully to its place and carries its share of that place’s life. No nation thrives alone, and none thrives by taking over the whole.

    The land is also the source of instruction. Over generations, people watched how a river valley or a stretch of prairie kept itself well: who arrived when, who fed whom, and how much could be taken before the giving stopped. In my grandmother’s telling, those observations became instructions, and those instructions helped shape law and protocol. They guided when to harvest, where to camp, how to enter a neighbour’s territory, and what was owed in return.

    Indigenous legal scholars today often describe this as law that comes from the land itself, learned by watching how living systems sustain one another. A plainer name for it is knowing how to live somewhere.

    The host and the guest

    One of the clearest teachings in this understanding of the world is the relationship between host and guest. My grandmother invited us to recognize that relationship in the lives of plants and animals.

    A host prepares the place before anyone arrives. A beaver family dams a stream, and the pond becomes a home for fish, frogs, birds and plants. A fallen tree becomes a nurse log, feeding the next generation of seedlings as it returns to the soil.

    A host offers first. A flowering plant sets out nectar. A berry bush ripens fruit. These provisions come in their own season, not whenever a visitor happens to want them.

    A host also makes its presence known. Birdsong, scent and the marks left along a trail tell newcomers that a place is already inhabited. The visitor does not arrive in an empty world.

    The guest has responsibilities too. A guest attends to the season and to what the place can offer. A guest does not assume that everything within reach is theirs to take. A guest leaves something that helps sustain the relationship.

    A bee takes nectar and carries pollen. Read through this teaching, that exchange offers an image of visiting well: receiving a gift while helping the host continue its life.

    Many Indigenous harvesting protocols carry the same ethic into daily practice: ask before taking, take only what is needed, offer thanks, and leave enough for others and for the plant or animal to recover.

    None of this suggests that every relationship in nature is peaceful or generous. These are ways of seeing responsibilities that people can learn to carry.

    Everyone is both

    No being is only a host or only a guest.

    A tree makes room for other life while depending on soil, water, sunlight, fungi, and relationships beyond itself. People, too, may welcome others into their homes while remaining dependent on the larger homeland that sustains them.

    The distinction between host and guest is therefore about roles, not ranks. Everyone receives. Everyone has something to give.

    The question is whether the exchange sustains the place.

    A visitor who takes without restraint leaves less for those who come next. A host who neglects the place has less to offer. Both have responsibilities, and neither can fulfil them alone.

    This is the heart of reciprocity, a principle found across Indigenous philosophies: relationships stay healthy when gifts move in both directions. The Haudenosaunee teaching of the seventh generation extends that exchange across time, asking that decisions made today leave the place well for those not yet born.

    Mutual benefit begins here, with the recognition that different beings carry different gifts and obligations.

    What people carry forward

    My grandmother’s teaching connects these relationships to the ways people meet their neighbours.

    The host prepares a place, offers food and rest, and explains where the visitor has arrived. The guest makes themselves known, explains why they have come, listens to the terms of the visit, and brings something in return. The gift may be material. It may also be labour, knowledge, news, or a commitment to help.

    Nations around the Great Lakes carried this ethic into treaty. The Dish with One Spoon, an agreement among the Haudenosaunee, Anishinaabe and allied Nations, describes shared hunting grounds as a single dish. Everyone eats from it with one spoon, takes only what they need, leaves enough for others, and keeps the dish clean. The Two Row Wampum, between the Haudenosaunee and European newcomers, shows two vessels travelling side by side on the same river, each keeping its own ways and neither steering the other.

    In this understanding, acknowledgement is more than naming the people associated with a territory. It is learning enough about a homeland to behave responsibly within it.

    Whose home is this? What sustains it? What laws and agreements guide our presence? What can we receive, and what must we return?

    These questions make acknowledgement a relationship rather than a recital.

    They also make it diplomatic. A guest who recognizes the host’s homeland recognizes that they have entered a place with its own relationships and responsibilities. A host who welcomes the guest makes room for an encounter governed by those relationships.

    Neither arrives without standing. Neither arrives without obligations.

    Beginning with place

    I write from the shores of the Bay of Quinte. Here, the teaching asks me to begin with the water, the shoreline, and the life they sustain. Before I describe myself, I must attend to where I am.

    That does not make people or history less important. It places them within the homeland that gives them meaning. The people, their laws, their agreements, and their responsibilities all belong to the place.

    In a time of longer fire seasons, troubled waters, and uncertainty about what the next season will bring, this teaching asks something difficult and useful of us: pay attention before you speak.

    An acknowledgement cannot tell the story of a place if the speaker has stopped noticing it.

    The land came first. Beginning there again means learning to name what sustains us, and accepting that what sustains us also asks something of us.

    By Rye Karonhiowanen Barberstock

    Photo by Andrik Langfield on Unsplash

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    The Land Came First

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    Analysis: Fossil-fuel CO2 emissions set to dip in 2026 as Iran conflict hits oil use

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    Carbon dioxide (CO2) emissions from fossil fuels and cement are projected to fall by around 0.4% in 2026 to 38.2bn tonnes of CO2 (GtCO2), according to new figures from the Global Carbon Project.

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    Carbon dioxide (CO2) emissions from fossil fuels and cement are projected to fall by around 0.4% in 2026 to 38.2bn tonnes of CO2 (GtCO2), according to new figures from the Global Carbon Project.

    The 21st edition of the annual “global carbon budget” report, published today, says that this small decline is largely due to a 1.9% drop in emissions from oil and the energy shock triggered by the Iran conflict and the closure of the strait of Hormuz.

    Emissions from coal continue to increase slightly.

    The Global Carbon Project’s projections for fossil fuel and cement CO2 emissions in 2026 are preliminary, with a range that spans a fall of -1.5% to a rise of +0.6%.

    This means a small increase in emissions can not be ruled out.

    Emissions from land-use change, such as deforestation, are projected to rise in 2026.

    This is primarily driven by peat fires and forest degradation in south-east Asia and is linked to the development of a strong El Niño event this year.

    As a result, total CO2 emissions from fossil fuels and land use are projected to reach a record high of 43.3GtCO2 in 2026 – marginally above 42.8GtCO2 in 2025.

    Research pu