Lula's Forest Fund secures $88M at COP31, needs $2.1B more by December

At COP31, nine philanthropic organizations committed $88 million to Brazil's Tropical Forests Forever Fund (TFFF), a mechanism championed by President Lula. The fund still requires $2.1 billion in additional commitments by December to meet its target, highlighting a significant funding gap. This development underscores the reliance on international philanthropy for Brazil's forest conservation agenda, with uncertainty over whether the remaining funds will materialize.

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