The Tropical Forest Forever Facility and its role in international forest finance

As climate negotiators gathered in Belém for the 30th Conference of the Parties to the United Nations Framework Convention on Climate Change (COP30), the surrounding rainforest was in the spotlight, with COP30 being dubbed a "forest COP". As one of its key projects, the Brazilian government launched the Tropical Forest Forever Facility (TFFF). The fund for the conservation and restoration of standing rainforestsaims to serve as a successful and innovative initiative in multilateral cooperation through blended finance. However, there remains a gap between current forest finance and what is needed to reach the Rio Convention targets. Germany and a few other European states have pledged investments into the fund and could shape its implementation. Additional financing mechanisms for forest restoration play a complementary role and should be enhanced. Still, not all success lies in finance. Forest finance mechanisms must reconcile targets of increasing carbon sequestration and storage in forests along with biodiversity and sustainability targets, while upholding the rights of local populations.