Tropical Forest Forever Facility launches at COP30, falling short of necessary transformative change
As COP30 is set to open in the heart of the Amazon next week, with thousands of people attending the Peoples’ Summit to build a collective agenda for transformative change, the preservation of forests is a top priority. The Tropical Forests Forever Facility (TFFF), launched today at the Leaders’ Summit, claims to represent an unprecedented step in global forest conservation efforts. The TFFF, however, falls short of what is critically needed – with insufficient efforts to directly support Indigenous Peoples and Local Communities, and a finance mechanism that once again puts profit above peoples and furthers the financialisation of nature.
“It is critical to protect our forests and ecosystems for their intrinsic values, through community forest management efforts that ensure the collective and land rights of forest communities. Transformative change is needed to achieve forest conservation and environmental justice, not business as usual schemes that further reinforce green capitalism and the commodification of nature.”
Lise Masson
Friends of the Earth International
“While the TFFF acknowledges the role of traditional peoples, it remains part of the financialisation of nature – a model that has failed to stop deforestation or protect communities, and instead prioritises profit. Rather than paying historical climate debt or securing land rights, the TFFF deepens dependency and ties environmental policy to market interests under World Bank control.“
Eduardo Raguse
Amigas da Terra Brasil
“Putting a price tag on forests is just colonialism in a new suit. The TFFF hands control of our territories to the same banks and governments that drove deforestation in the first place, while forcing the Global South to guarantee profits for the North. Forests are not carbon assets. They are living homelands cared for by Indigenous Peoples and local communities. We need land rights, reparations, and debt cancellation, not another financial scheme that turns our survival into a business model.”
Uli Siagian
WALHI / Friends of the Earth Indonesia
Read FoEI’s analysis of the TFFF here.
