Ambassador Andrei Korea de Lago, President of the United Nations Conference on Climate Change 2025 (COP30)He said on Monday (31) that the collection of the investment fund Tropical forest background (TFF) Its lock can be canceled with the initial capture of 25 billion dollars.
According to Lago, There is a dialogue with the marketAnd expecting is that others 100 billion US dollars The necessary arises after obtaining the initial value.
“What we have heard from the financial market is that what is missing is actually the first 25 billion (dollars) needs to enter in order to expect 100 other duoThe ambassador said during an interview with the Roda FIFA television program.
“What I realize is that at this moment what is missing is that this commitment to the sovereign funds for these first 25 (one billion dollars). But I hear investors that this presence 25 in the beginning will appear 100.”
The goal of the sovereign fund – which belongs to the government – is Picking $ 125 billion.
TFF was initially present in 2023 By Brazil in COP28, Its headquarters is in Dubai, in the United Arab Emirates. The Fund is one of the federal government initiatives that constitute an environmental transformation plan (PTE), led by the Ministry of Finance.
The project also has a technical partnership with the World Bank, Germany, Colombia, the United Arab Emirates, France, Norway and the United Kingdom.
These sovereign funds are part of the sovereign background investments, They do not expect more than 3 % a yearFollow the COP30 president.
“The idea is to get TFF, which gives this income that is not provided by other money and will be managed in a way that will be used to surplus to preserve forests.”
The proposal is that TFF works through mixed financing: 20 % will be supported by care countries to attract private capital. Other 80 % will come from the financial market.
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