Launch of the Tropical Forest Forever Facility in Bélem (Brazil), with up to $5.5 Bn promised

"Last year, the world lost the equivalent of 18 football fields of tropical primary forest every minute. The Tropical Forest Forever Facility is a bold mechanism to make standing forests more valuable than cleared land, aligning conservation with opportunity, and solidarity with shared prosperity. Without tropical forests, there is no path to limiting global warming to 1.5°C by the end of the century. We have pledged to halt and reverse forest loss by 2030; now we must deliver. That means supporting forest nations, not as a favour, but as a shared duty; cutting emissions from deforestation; and preserving forests' immense capacity to store carbon. By rewarding countries for keeping forests standing, we boost resilience. By supporting Indigenous Peoples and forest communities, we advance climate justice and safeguard cultures whose knowledge has stewarded nature for millennia. And by mobilizing long-term, predictable, and affordable finance, we close one of the most persistent gaps in global climate action", declares António Guterres, United Nations Secretary-General at the launch…