Germany has joined a handful of countries pledging money to the Tropical Forest Forever Facility (TFFF), but the conservation mechanism launched by Brazilian President Luiz Inácio Lula da Silva ahead of COP30 is still far short of the $25 billion in public funds it aims to secure.
Following talks between government ministers and Lula yesterday, Germany said it would contribute one billion euros ($1.1 billion) over the next 10 years, praising the “innovative approach” of the investment-driven multilateral fund proposed by Brazil.
The TFFF is a blended finance instrument that will invest in financial markets and pay a share of any returns to tropical countries that are protecting their rainforests. At least 20% of all payments must be allocated to Indigenous people and local communities.
“It’s about protecting the tropical rainforests, the lungs of our planet,” a statement by Germany’s development and environment ministers said after Wednesday’s meeting.
Germany’s promise of support follows a Norwegian pledge of 3 billion euros over the coming decade – if certain stringent conditions are met, while Brazil and Indonesia have pledged $1 billion each, with Colombia offering $250 million. France has also said it will consider contributing 500 million euros over the next five years.
That brings the total pledged so far to roughly $7 billion.
British climate minister Ed Miliband said on Monday the UK government was keeping “the option of an investment under review”.
Talks have also been held with China, the United Arab Emirates, Australia, Japan and Canada, Brazil although none of those countries have so far announced pledges.n official João Paulo de Resende told Climate Home News last month,
Resende said securing political support was more important at this stage than funding promises, which can come later.
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Roman ruins and lots of hotels – Türkiye’s pitch to host COP31
Outlining their ultimately successful bid to host COP31, Turkish officials pitched the country as a lower-emissions choice due to its location at the crossroads of Europe and Asia, and played up the rich cultural heritage and top-level tourist facilities of the resort city of Antalya.
Australian Minister for Climate Change and Energy Chris Bowen announced last night that his country was ceding the summit’s hosting rights to Türkiye, though Australia – which had greater support for its candidacy – will lead the negotiations.
Türkiye’s pitch for the talks to be held in Antalya, made in a presentation to delegates at the Bonn climate talks in June, promised to deliver a “zero-waste COP”, with a strong focus on heritage sites such as nearby Roman ruins and a shrine to Saint Nicholas of Myra, the inspiration for Santa Claus. The presentation’s slides also praised the Mediterranean city’s food and golf courses.
Turkish officials argued that a COP held in Antalya would have a smaller carbon footprint than Australia’s proposal of Adelaide due to its central geographical location, and also sought to emphasise the city’s urban transport network as well as its strong local logistics and supply chain.
Antalya pictured on February 18, 2024. (Photo by Dominika Zarzycka/NurPhoto)
Antalya, which is a similar size to Belém, with a population of roughly 1.5 million people, is popular with European and Russian sun-seekers in summer. By November, when the COP will be held, temperatures will have dropped to highs of about 21C (70F). That means COP delegates won’t have to compete with as many tourists for the 628,000 beds that the Turkish government says the city has to offer – far more than Belém.
But at a time of worries about democratic backsliding in Türkiye, hosting COP31 in Antalya may draw concerns.
Mahir Ilgaz, a Turkish regional programme director at Oil Change International, voiced concern about the decision, noting in a social media post that elected mayors – including Antalya’s – have been replaced by government-appointed trustees.
“Colleagues working on local engagement are already wondering how to operate safely and meaningfully in that context”, he wrote on LinkedIn.
Meanwhile, a former Turkish climate diplomat told Climate Home News that they were disappointed Turkiye would not hold the presidency.
“We bear the burden, but they hold the power. We have the drum but they hold the drumstick. We do the work but they make the decisions,” the official said.
Chris Bowen, who is likely to be COP31 President, speaks to the media in Sydney, Tuesday, March 17, 2020. (AAP Image/Joel Carrett)
The post COP30 Bulletin Day 10: Germany pledges €1 billion to TFFF forest fund appeared first on Climate Home News.
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