Brazil will be the first country to announce an investment in the Tropical Forests Forever Facility (TFFF).
It is a multilateral fund supporting conservation of endangered tropical forests worldwide.
President Luiz Inacio Lula da Silva plans to announce the investment at the United Nations in New York ahead of COP30, which Brazil will host in November.
The Brazilian government aims to set a benchmark with a “considerable” initial contribution to encourage other countries and private investors to join.
The TFFF targets raising $125 billion, combining sovereign and private-sector funds to pay countries annual stipends based on their remaining tropical forests.
Initial support for the fund has come from China, the United Kingdom, France, Germany, Norway, Singapore, and the United Arab Emirates.
Brazil hopes its investment will catalyze further commitments, signalling trust in the fund and promoting global climate finance cooperation.