Germany supports Brazil’s idea for a forestry fund, sources say

Germany fundamentally supports a fund proposed by Brazil with the aim of protecting tropical forests, but has not yet decided how much it will contribute, government sources said in Berlin on Thursday (6).

As host of the COP30 climate talks, Brazil will launch its flagship Tropical Forests Forever Fund (TFFF) next week, aiming to raise US$125 billion to help conserve endangered forests.

German Chancellor Friedrich Merz, who will take part in the negotiations, finds the idea very interesting, the sources said.

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However, the specific financial contribution needs to be left open for now, they added. The German Ministry of Development indicated that intensive discussions are underway about the amount.

According to government sources, Merz is expected to meet with President Luiz Inácio Lula da Silva during the trip.

In September, Lula committed to contributing US$1 billion to the fund and called on other nations to make equally bold contributions to ensure that the TFFF, which counts on the World Bank as its financial manager, can be operational during climate negotiations.

Merz’s trip is also intended to send a signal that countries should continue to cooperate to support climate protection, the government sources said.

This is particularly relevant as the US has not registered any high-level representatives for the negotiations.