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Minderoo Foundation has invested US$10 million (A$15.4 million) of catalytic capital to the Tropical Forest Forever Facility (TFFF) – a landmark international initiative designed to mobilise long-term finance for the conservation and restoration of tropical forests.
The TFFF, launched underneath the management of President Luiz Inácio Lula da Silva, will create real financial incentives to guard tropical forests.
Dr Andrew Forrest AO, founding father of Minderoo Foundation, made the funding on the Belém Climate Summit, the World Leaders’ Summit for COP30.
The contribution will catalyse assist from different philanthropies, household workplaces, and personal buyers, mobilising extra capital to speed up the TFFF’s objective of creating forests value extra standing than destroyed.
“This is an investment, not a gift. This is patient, long-term philanthropic capital that should appeal to all investors of conscience,” stated Dr Andrew Forrest AO.
“The TFFF will enchantment to governments and establishments all over the world who search for capital to be returned, attaining low however secured sovereign debt yields, with the main advantage of defending the world’s rainforests.
“The TFFF protects the world’s nice carbon sinks – nature’s personal defence in opposition to local weather breakdown – making certain they proceed to maintain life on Earth.
“Offsets have too often been used as a licence to pollute. They categorically do not work the vast majority of times they have been independently measured. This is the opposite. The TFFF makes forest protection a strong economic choice in favour of our environment – rewarding countries that actually keep their forests intact.”
The TFFF goals to lift US$125 billion by blended finance – combining private and non-private capital to ship US$4 billion in annual results-based funds to tropical forest international locations for verified forest safety. At least 20 per cent of those funds will circulation on to Indigenous peoples and native communities, strengthening native livelihoods and governance.
“Minderoo’s role as an early investor is about more than capital – it’s about leadership,” stated John Hartman, CEO of Minderoo Foundation.
“Our investment will help de-risk the fund for institutional investors, helping to unlock up to four times more private capital.”
The funding aligns with Minderoo’s dedication to guard globally vital carbon sinks, safeguard biodiversity and strengthen Indigenous stewardship of nature.
“Funding for the conservation of tropical forests is too often derived from the sale of carbon offsets and this can be a license to pollute: Net Zero, not Real Zero.” Holly Buschman, Executive Director of Natural Ecosystems at Minderoo Foundation, added.
Minderoo will make investments the US$10 million within the Tropical Forest Investment Fund which types a part of the Tropical Forest Forever Facility (TFFF).
To date, Minderoo has dedicated greater than A$150 million of influence investing capital from its Strategic Impact Fund and catalytic capital allocation throughout initiatives spanning Natural Ecosystems, Gender Equality, Communities and Plastics and Human Health.
Tags
Climate Change
Real Zero
Biodiversity
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