Lula seeks $2.2B for Tropical Forests Forever Fund at COP31
Published 1 d ago1 sourceEvidence: Reported
Brazilian President Lula will use COP31 in Antalya to demand increased climate financing for emerging economies, including new contributions to the TFFF, and to press for continuity of the Belém climate agenda. The move signals a coordinated push by developing nations for greater financial commitments from wealthier countries, potentially intensifying North-South climate negotiations.
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Brazilian President Lula has prioritized energy and mining, evidenced by his initial post-election focus. Concurrently, Brazil is advancing a national energy transition plan for COP31, while also seeking increased climate finance for developing nations. A key tension exists in reconciling increased pre-salt oil production with long-term fossil fuel reduction commitments.
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