After two weeks of indecision and back-and-forths with Brazil, Germany has agreed to invest 1 billion euros ($1.1 billion) in the Tropical Forest Forever Facility, or TFFF, the forest investment fund designed by the South American nation, Brazil’s environment and climate change minister told reporters.
“We are happy that Germany made the announcement of its contribution,” Marina Silva said on Wednesday evening.
The Brazilian announcement was a departure from previous commitments, which came directly from the investing countries.
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About the author
Jesse Chase-Lubitz
Jesse Chase-Lubitz covers climate change and multilateral development banks for Devex. She previously worked at Nature Magazine, where she received a Pulitzer grant for an investigation into land reclamation. She has written for outlets such as Al Jazeera, Bloomberg, the Organized Crime and Corruption Reporting Project, and The Japan Times, among others. Jesse holds a master’s degree in Environmental Policy and Regulation from the London School of Economics.
