US EditionGermany Pledges €1 Billion to Brazil's Rainforest Fund
36 Articles
36 Articles
With the TFFF fund, Brazil wants to finance the global protection of tropical forests by means of capital gains. Some experts see this as a breakthrough. Critics, however, warn of a risky financial experiment.
Germany has pledged one billion euros for the global forest protection fund TFFF at the UN Climate Change Conference in Brazil. As Federal Development Minister Alabali Radovan and Federal Environment Minister Schneider announced in Belém, Germany will participate in the next ten years with this sum.
Since the Chancellor's remarks on Belém, Germany's reputation at the climate summit has been shattered. A contribution to Brazil's forest fund could help to repair it. However, other construction sites of the conference remain.
Germany pledges €1 billion to Brazil's rainforest fund
Germany’s support for Brazil’s new rainforest protection fund adds momentum to a global effort that will reward forest conservation, penalize deforestation and direct resources to Indigenous and traditional communities.
In order to protect rainforests, a new pot of money has been set up – Germany will be there with an amount of one billion euros. The EU increases the pressure on the exit of oil and gas. Turkey will host 2026.
Rain forests are extremely important for the global climate. In order to protect them, a new pot of money is to be created - now it is finally clear how much Germany is paying in.
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