Philippines' Potential Gain from COP30's Forest Financing Mechanism
The Philippines is expected to include forestry sector targets in its updated nationally determined contributions (NDCs) at the upcoming COP30 in Brazil.
The country aims to reduce greenhouse gas emissions by 75% under the Paris Agreement from 2020 to 2030, with forestry and land use contributing to this goal.
Tropical Forest Forever Facility (TFFF)
COP30 host Brazil will launch the TFFF, a $125 billion blended-finance mechanism, combining public, philanthropic, and private capital to pay forest countries for maintaining standing tropical forests.
- COP30 will take place in Belém, Brazil from 10 to 21 November 2025
- The Amazon, located in Brazil, represents over half of the total area of remaining rainforests on the planet
The Philippines may benefit from the TFFF, given its deforestation concerns and commitment to reducing greenhouse gas emissions.
Author's summary: Philippines may gain from COP30's forest financing.
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