The financing model will benefit more than 70 countries in the preservation of tropical forests.

247 - Brazil's initiative, which will be one of the main proposals at COP30, the Climate Conference in Belém (PA), in November, aims to create an innovative financing model to encourage the preservation of tropical forests. Rainforests Forever Fund (TFFF), as detailed by the Minister of the Environment and Climate Change, Marina Silva, will be a strategy to compensate countries that maintain their forests intact, providing a source of resources for the maintenance of these areas vital to environmental balance.

In interview with the program The Voice of Brazil On Thursday (9), the minister explained that, until now, Brazil already had mechanisms to encourage the reduction of deforestation, but not a reward system for those who preserve their forests. According to her, "the Tropical Forests Forever Fund is Brazil's effort, as one of the holders of the largest tropical forest on the planet, the Amazon rainforest, to help other countries that have tropical forests, there are more than 70 countries, so that they can have resources to keep their forests protected".

The proposal aims to seek investments from both governments and the private sector to create a fund that distributes resources among countries that contribute to forest preservation. The initial expectation is to raise approximately US$25 billion, with the potential to exceed US$100 billion with the engagement of the private sector. The idea is to use these resources to finance operations that generate income, which will then be directed to countries committed to preservation. The model foresees that, for every dollar invested by developed countries, such as Germany, Norway, and the United Kingdom, four dollars will come from the private sector. This fund would be able to generate approximately US$4 billion per year, which would be used to compensate those who maintain intact forests, with 20% of these amounts allocated to indigenous peoples and traditional communities.

Furthermore, the minister highlighted that Brazil was the first country to announce a contribution of US$1 billion (approximately R$5,3 billion) to the fund, during the UN General Assembly in New York. The fund, as Marina explained, does not require repayment; that is, the resources are offered as compensation for keeping the forests standing.

Membership in the fund will be open to the 71 countries that possess tropical forests, each of which will have to fulfill the condition of maintaining its forests preserved for a period of 25 to 30 years. To ensure that deforestation does not occur, monitoring will be done by satellite. Marina Silva also highlighted the success of actions to combat deforestation in Brazil, emphasizing the 46% reduction in deforestation in the Amazon and 32% in the rest of the country in the last two years.

Regarding COP30, the minister pointed out that, in addition to the implementation of the fund, there will be discussions on other urgent issues, such as adaptation to the effects of climate change, including the creation of systems to protect populations affected by droughts and floods. Adaptation will be one of the main themes of the conference, which will also discuss the reduction of greenhouse gas emissions, focusing on the financing needed to achieve these goals.

Marina also stressed the importance of discussing gender issues on the climate agenda, since women are the most impacted by climate change, and the need to promote actions in the renewable energy and fossil fuel sectors as part of global strategies to reduce emissions.

COP30, which will be held in Belém, is expected to consolidate significant progress in global environmental preservation policies, as well as discuss solutions to the challenges faced by countries vulnerable to climate change.