TFFF Watch


Investment Tracker

The TFFF requires $25 billion in sponsor capital from governments and foundations. It is to serve as the core of the TFFF’s investments and as junior debt in the case of losses. The sponsor capital is intended to leverage $100 billion in private investments.

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Updated 3 days ago

BackgroundBackground

China has a long record of investing in forest conservation and restoration, both domestically and internationally. Through its National Forestry and Grassland Administration, China has implemented some of the world’s largest afforestation and land restoration programs, increasing its forest cover to more than 25% of national territory. Internationally, China channels finance through its South–South Climate Cooperation Fund, pledging USD 3.1 billion to support developing countries in climate and forest-related projects, alongside green development investments under the Belt and Road Initiative. Building on this track record, China signaled in 2025 that it will invest in the TFFF, recognizing it as an important mechanism to safeguard tropical forests.

StatusStatus

China indicated its intention to support the TFFF, beginning with Environment Minister Marina Silva’s talks in Beijing in May 2025, where the Chinese government expressed interest and formally designated a focal point to lead discussions. Finance Minister Lan Fo’an later reiterated this commitment during the BRICS finance ministers’ meeting in Rio de Janeiro, signaling collaboration. While no contribution amount has yet been announced, officials expect an official pledge at COP30 in Belém this November. Moreover, following her visit to China in September, COP30 CEO Ana Toni highlighted Beijing’s climate leadership as a source of “security” for the global system and confirmed that China is preparing a large delegation including private-sector representatives for the summit.

EndorsementsEndorsements

“[Lan] told [Haddad] that he considered the fund idea important and that China would collaborate.” — Finance Minister Lan Fo’an, speaking with Brazil’s Finance Minister Fernando Haddad about China’s intention to support the TFFF at the BRICS finance ministers’ gathering, Rio de Janeiro, July 2025