Brazil will invest $1 billion in the Tropical Forests Forever Facility, President Luiz Inacio Lula da Silva announced Tuesday. The TFFF is a new multilateral fund proposed by Brazil to support the conservation of endangered forests worldwide and the country is the first to commit money to it. By kicking off contributions, Lula hopes to spur other countries to follow suit ahead of the COP30 climate summit, which Brazil will host in November. The fund is expected to be a centerpiece of the global meeting and has an ambitious $125 billion target. …The fund has an ambitious $125 billion target and Brazil wants wealthy nations to provide $25 billion in loans to jumpstart the fund. …The resources would be placed in a diversified portfolio designed both to repay investors and to reward countries for conserving their forests, with nations receiving a fee for every hectare of forest conserved.