Why Indonesia must seize the Tropical Forests Forever Facility
A new fund will debut at COP30, with Brazil already committed, and Indonesia must stop stalling.
When world leaders gather in Belem this November for COP30, the spotlight will not just be on emissions targets or carbon markets. A new actor is garnering attention: the Tropical Forests Forever Facility (TFFF). Brazil’s audacious push to create a US$125 billion endowment-style fund to reward tropical forest nations for preserving their standing forests demands serious attention – not least from Indonesia, a country whose forests are among the world’s most precious, yet most imperilled.
For decades, Indonesia has relied on carbon markets, bilateral aid, REDD+ (Reducing Emissions from Deforestation and Forest Degradation) schemes, and grants to fund forest conservation.
Brazil’s audacious push to create a US$125 billion endowment-style fund to reward tropical forest nations for preserving their standing forests demands serious attention.
Author's summary: Indonesia must stop stalling on the Tropical Forests Forever Facility.
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