Brazil must beef up its COP30 scheme to preserve tropical forests
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Brazil must beef up its COP30 scheme to preserve tropical forests
"The proposal for the Tropical Forest Forever Facility (TFFF) , which Brazil is set to launch at the COP30 climate meeting in Belém next month, will offer countries financial incentives to halt deforestation across more than one billion hectares of tropical forests. But the low payment rate of US$4 per hectare risks undervaluing such lands. The reliance on simplistic metrics for tree cover might enable bad actors to meet standards while harming forests."
"And the scheme could disempower local communities, for example if farmers are punished because well-managed agroforests are not classed as forest."
The Tropical Forest Forever Facility (TFFF) will offer financial incentives to halt deforestation across more than one billion hectares of tropical forests. The proposed payment rate of US$4 per hectare risks undervaluing these lands and failing to reflect opportunity costs or conservation value. Reliance on simplistic tree-cover metrics creates incentives for actors to meet numerical thresholds while degrading biodiversity and ecosystem function. The facility's rules could punish local land stewards, for example by excluding well-managed agroforests from forest classifications. Excluding diverse land uses risks disempowering communities and undermining long-term forest protection objectives.
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