Alabali Radovan Pushes for Progress in Climate Protection and Finance in Belém - Germany backs Brazil’s Tropical Forest Fund to fight climate change and poverty
Germany's State Secretary for the Environment, Reem Alabali-Radovan, has expressed strong support for Brazil's new Tropical Forest Protection Fund (TFFF). She highlighted the economic benefits and poverty reduction aspects of climate policy, citing examples of German investments in climate-resilient projects.
Alabali-Radovan praised the start of the climate conference and Germany's commitment to the Paris Climate Agreement. She mentioned that Germany is contributing to various climate-related initiatives, including climate-resilient agriculture, healthcare systems strengthening, and the new fund for climate-related loss and damage. Regarding the TFFF, she supported Brazil's initiative and confirmed Germany's active participation, although the specific amount from the German Foreign Ministry remains undisclosed.
She emphasized that climate policy creates jobs and spurs innovation, particularly in renewable energy. She also noted that climate action can reduce poverty, referencing the destruction caused by Tropical Storm Melissa in the Caribbean. Alabali-Radovan acknowledged the need for both public and private investment in climate financing, stating that Germany aims to use state resources to mobilize more private investment. Friedrich Merz had previously pledged a substantial German contribution to the TFFF, although the exact amount was not specified. Alabali-Radovan also cited German loans supporting São Paulo’s metro system, which now runs on green electricity, as an example of this.
Germany, under Alabali-Radovan's leadership, is committed to the multilateral UN climate process and the goals of the Paris Climate Agreement. It is contributing to various climate-related initiatives and supporting Brazil's new Tropical Forest Protection Fund. While the specific amount for the TFFF remains unknown, Germany is conducting technical reviews to determine its implementation.
