Philippines' Potential Benefits from COP30's Forest Financing Mechanism
The Philippines, a Southeast Asian country severely affected by deforestation, is expected to include forestry sector targets in its updated nationally determined contributions (NDCs) at the upcoming COP30 in Belém, 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 TFFF aims to support forest conservation efforts globally.
The Philippines' participation in COP30 and the TFFF may provide an opportunity for the country to benefit from forest financing mechanisms and reduce its greenhouse gas emissions.
Author's summary: Philippines may benefit from COP30's forest financing.