Published by Global Banking & Finance Review®
Posted on November 6, 2025
2 min readLast updated: January 21, 2026
Add as preferred source on GoogleNorway commits $3 billion to the Tropical Forests Forever Facility, aiming to boost global forest conservation with significant contributions from Brazil and Indonesia.
By Lisandra Paraguassu
BELEM, Brazil (Reuters) -Norway will contribute about $3 billion to the Tropical Forests Forever Facility, a multilateral fund proposed to support global conservation of endangered forests, the government said on Thursday, during a leaders' summit ahead of the U.N. climate talks known as COP30.
The donation, first reported by Reuters, is the largest contribution announced yet to the new fund proposed by the summit host Brazil.
Norway's government confirmed in a public statement that it would contribute up to 30 billion crowns ($2.99 billion) by 2035 to the fund, which aims to use government contributions to raise far more private funding.
Brazil and Indonesia have each committed $1 billion to the fund. Brazilian Finance Minister Fernando Haddad said this week he sees $10 billion in public funds as an ambitious but feasible target for the fund's first year.
Policymakers envision the TFFF as a $125-billion fund combining sovereign and private-sector contributions that would be managed like an endowment, paying countries annual stipends based on how much of their tropical forests remain standing.
($1 = 10.04 Norwegian crowns)
(Reporting by Lisandra ParagrassuWriting by Isabel Teles and Brad Haynes; Editing by Nia Williams)
Forest conservation refers to the practice of protecting and managing forested areas to preserve biodiversity, prevent deforestation, and maintain ecosystem services.
A multilateral fund is a financial resource pooled from multiple countries or organizations to support global initiatives, often focusing on issues like climate change or development.
Private funding contributions are financial investments made by individuals or organizations, typically aimed at supporting specific projects or initiatives, often complementing public funding.
Climate finance refers to the financial resources allocated to projects and initiatives that aim to mitigate or adapt to the impacts of climate change.
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