Canada pledges up to $392.5 million to Brazil-led tropical forest fund

Canada has pledged up to $392.5 million over four years to the Brazil-led Tropical Forests Forever Facility, Canadian Prime Minister Mark Carney announced during a meeting with Brazilian President Luiz Inacio Lula da Silva on the sidelines of the Association of Southeast Asian Nations summit in Manila.

The Canadian government said the funding would help the initiative meet its fundraising targets, launch operations and attract additional investment from public and private sources.

The Tropical Forests Forever Facility was launched at the COP30 climate summit in Brazil last year. The fund aims to build a $125 billion fund, including around $100 billion in private-sector investment. The initiative is designed to provide long-term financing for tropical forest conservation, with the Canadian contribution expected to help establish the financial base needed to expand its operations.

Canada said the pledge forms part of its broader commitment to provide more than C$13 billion in international climate finance to developing countries by 2031.

Carney and Lula also discussed strengthening bilateral cooperation in trade, critical minerals, energy and defence, according to the Canadian government.

The announcement highlights growing efforts to mobilise international public and private funding for forest protection and climate action, particularly in developing countries.

Sources

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