Canada Pledges Up to SEK 4 Billion to Lula’s Rainforest Fund

The TFFF (Tropical Forest Forever Facility) fund was launched at the climate summit in Brazil last year. It will provide returns to both investors and countries that commit to preserving or restoring rainforests.

Norway has pledged $3 billion, equivalent to SEK 30 billion. One condition, however, is that the TFFF secures at least $10 billion from states by the end of the year.

With Canada’s investment of around $400 million, the fund will exceed $8 billion, but it is unclear whether it will reach the $10 billion mark.