MANILA — Canada will contribute up to C$560 million over four years to the Tropical Forest Forever Facility (TFFF), Prime Minister Mark Carney announced on Sunday, November 15, after meeting Brazilian President Luiz Inácio Lula da Silva on the margins of the Association of Southeast Asian Nations (ASEAN) Summit in Manila, the Prime Minister's Office said in an official statement.
Source: Prime Minister of Canada (official statement)
Reuters, reporting the same announcement on Sunday, put the pledge at up to C$560 million — about US$392.5 million — over four years to the Brazilian-led facility, and said the commitment forms part of Canada's broader pledge to provide more than C$13 billion in international climate finance to developing countries by 2031.
Source: Reuters
Yaani, in the terms this site uses for large figures: C$560 million is 56 crore Canadian dollars, and its US-dollar value of about $392.5 million is roughly 39 crore US dollars. It is an initial contribution, paid over four years — not a single payment made on Sunday.
What the TFFF is designed to do
The TFFF is co-led by Brazil and Norway. Once fully operational, it will protect more than one billion hectares of tropical forests annually across more than 70 countries, with conservation payments tied to verified results, according to the Canadian statement. At least 20 per cent of those payments will be directed to Indigenous Peoples and local communities.
The Facility aims to mobilise $35 billion in contributions from sponsoring countries and organisations to attract up to $140 billion in additional private investment; the net investment returns will fund the long-term, performance-based conservation payments to eligible tropical-forest countries.
Where the money sits in Canada's climate plan
Ottawa said the contribution is part of the goal set in its Spring Economic Update 2026 to deliver over C$13 billion in climate-related support to developing countries by 2031, including nearly C$6 billion in new international climate-finance funding. Earlier this year the government launched A Force of Nature, a C$3.8 billion strategy to protect Canada's own natural environment, and announced a further C$1.2 billion for ocean conservation in September.
"Canadians have always understood our responsibility to protect nature – both in our own backyard and around the world," Carney said in the statement. "Tropical forests are among the most vital ecosystems on Earth. Protecting them is essential to halting biodiversity loss, stabilising our climate, and safeguarding the well-being of communities everywhere."
Background: a fund launched at COP30
The TFFF was launched in November 2025 during the COP30 Leaders' Summit in Belém, Brazil, under President Lula's leadership. Canada joined 65 other countries at COP30 in endorsing the declaration that launched it. The Prime Minister's Office said the Facility has since drawn financial commitments from Brazil, France, Germany, Indonesia, Luxembourg, the Netherlands, Norway, Portugal and the United Kingdom, with engagement from countries including the Democratic Republic of Congo, Ghana and Peru.
Canada said it will also work with partners to broaden participation, because the Facility's financial viability depends on sustained support from sponsoring countries and organisations.
Tropical forests store vast amounts of carbon and shelter much of the world's biodiversity. The TFFF's model — pay only for verified standing forest — is being watched as a template for financing other global environmental priorities, and Canada's pledge makes it one of the fund's early major backers.
What happens next
The announcement is a pledge toward the Facility's fundraising targets so it can launch operations; the payments themselves flow over four years and depend on the fund reaching its targets and on verified conservation results in recipient countries. The next facts to watch are the TFFF's formal launch of operations and any further sponsor pledges made during this week's summit season in Asia.