BRASILIA, Sept 19 (Reuters) – Brazil will become the first country to announce an investment in the Tropical Forests Forever Facility, a multilateral funding mechanism it has proposed to support conservation of endangered forests globally, three people with knowledge of the plans told Reuters.
President Luiz Inacio Lula da Silva plans to announce the investment on Tuesday at the U.N. in New York, in a move that aims to unlock more contributions from both wealthy and developing economies, which have been at odds about funding global climate policy.
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The Brazilian government sees potential for the TFFF to be its main deliverable at the U.N. climate summit known as COP30 that it will host in the Amazonian city of Belem in November.
Reuters was not able to confirm how much the Brazilian government plans to invest, but two of the government sources, who requested anonymity to discuss private deliberations, said it will be a
