How can Philippines benefit from COP30’s forest financing mechanism?

Philippines' Potential Gain from COP30's Forest Financing Mechanism

The Philippines, a Southeast Asian country heavily affected by deforestation, is expected to benefit from the forest financing mechanism introduced at COP30.

The country plans to include forestry sector targets in its updated nationally determined contributions (NDCs) to be announced at the upcoming United Nations climate talks in Belém, Brazil.

The current NDC mentions that forestry and land use will contribute to reaching the goal of reducing greenhouse gas emissions by 75 per cent under the Paris Agreement from 2020 to 2030.

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.

The TFFF aims to support forest conservation efforts, which could potentially benefit the Philippines in its fight against deforestation.

As the Philippines updates its NDCs, the country may stand to gain from the TFFF, given its commitment to reducing greenhouse gas emissions and conserving its forests.

Author's summary: Philippines may benefit from COP30's forest financing mechanism.

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Eco-Business Eco-Business — 2025-10-25

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