Prime Minister Carney announces Canada’s landmark contribution to protect the world’s tropical forests
MANILA, Philippines, Nov. 15, 2026 /CNW/ — Caring for nature is part of who we are as Canadians. As we build a stronger, more sustainable economy, Canada is taking ambitious action to protect the ecosystems that sustain our communities, our livelihoods, and our prosperity.
Earlier this year, Canada’s government launched A Force of Nature, a historic $3.8 billion strategy to protect Canada’s natural environment, and announced a further $1.2 billion to safeguard our oceans and the life they sustain. In the Spring Economic Update 2026, the government also committed to deliver nearly $6 billion in funding to support international climate finance, bringing Canada’s goal for climate finance to developing countries to over $13 billion by 2031. With these investments, Canada is strengthening its international partnerships and mobilising new capital to advance conservation beyond our borders and safeguard our planet for future generations.
Today, the Prime Minister, Mark Carney, met with the President of Brazil, Luiz Inácio Lula da Silva, on the margins of the Association of Southeast Asian Nations (ASEAN) Summit in Manila, Philippines, where he announced an initial contribution of up to $560 million over four years to the Tropical Forest Forever Facility (TFFF). Co-led by Brazil and Norway, this innovative financing mechanism is mobilising public and private investment to protect tropical forests, preserve biodiversity, and support the communities that depend on these vital ecosystems.
Once fully operational, the TFFF will protect more than one billion hectares of tropical forests annually across more than 70 countries, with conservation payments tied to verified results. At least 20% of these payments will be directed to Indigenous Peoples and local communities, recognising their essential role in protecting forests and biodiversity. This pioneering model will also help shape new approaches to financing other global environmental and development priorities.
Canada’s initial contribution will help meet the TFFF’s fundraising targets in order to launch operations and mobilise further public and private investment. This contribution is part of Canada’s goal, announced in the 2026 Spring Economic Update, to deliver over $13 billion in climate-related support to developing countries by 2031. Because the TFFF’s financial viability will depend on sustained support, Canada will also work with partners to broaden participation and deliver on the Facility’s objectives.
Protecting tropical forests is essential to a stable climate, healthy ecosystems, and a resilient global economy. Their conservation benefits countries around the world, including Canada, where the impacts of climate change threaten communities, infrastructure, and economic prosperity. By mobilising new investment in nature and strengthening its partnership with Brazil, Norway, and other TFFF partners, Canada is helping safeguard vital ecosystems, reduce climate risks, and build a more sustainable and prosperous future for generations to come.
Quotes
“Canadians have always understood our responsibility to protect nature – both in our own backyard and around the world. At a time when the world needs leadership, Canada is stepping up with our partners to pioneer a new approach that makes conservation economically viable and mobilises private investment at scale. 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.”
— The Rt. Hon. Mark Carney, Prime Minister of Canada
“Protecting the world’s tropical forests is a shared challenge that demands strong international cooperation. Canada is working with Brazil, Norway, and partners around the world to turn common priorities into practical action. Our support for the Tropical Forest Forever Facility demonstrates how strong partnerships can deliver lasting benefits for people, prosperity, and our planet.”
— The Hon. Anita Anand, Minister of Foreign Affairs
“Canada is committed to supporting ambitious climate and nature action that advances sustainable development and strengthens resilience to the impacts of climate change. By contributing to the Tropical Forest Forever Facility, we are joining a growing coalition of countries working to advance climate action, protect biodiversity, support Indigenous Peoples and local communities, and safeguard tropical forests that are critical to sustainable development and climate resilience.”
— The Hon. Randeep Sarai, Secretary of State (International Development)
“Tropical forests are essential to a stable climate, healthy ecosystems, and strong economies. Canada’s contribution toward the Tropical Forest Forever Facility reflects our commitment to protecting the ecosystems that sustain life on Earth. Through international partnerships like this, we are driving ambitious action to conserve nature and build a healthier, more resilient future for Canadians and communities around the world.”
— The Hon. Julie Aviva Dabrusin, Minister of the Environment, Climate Change and Nature
Quick facts
- The TFFF was launched in November 2025, during the COP30 Leaders’ Summit in Belém, Brazil, under the leadership of President Lula da Silva. Canada joined 65 other countries at COP30 in endorsing the Declaration on the Launch of the Tropical Forest Forever Facility.
- To date, the TFFF has attracted growing international support, including financial commitments from Brazil, France, Germany, Indonesia, Luxembourg, the Netherlands, Norway, Portugal, and the United Kingdom, as well as engagement from countries such as the Democratic Republic of Congo, Ghana, and Peru.
- The Facility aims to mobilise $35 billion in contributions from sponsoring countries and organisations to attract up to $140 billion in additional private investment. Net investment returns will fund long-term, performance-based conservation payments to eligible tropical forest countries.
- Today’s announcement builds on Canada’s broader efforts to protect nature, address climate change, and mobilise investment in conservation, including:
- A Force of Nature, Canada’s Strategy to Protect Nature: Announced by Prime Minister Carney in March 2026, this $3.8 billion strategy will protect and restore critical habitats, support Indigenous-led conservation, and mobilise private investment to help Canada protect 30% of its lands and waters by 2030.
- Historic investments in ocean conservation and stewardship in Canada: In September 2026, the Prime Minister announced $1.2 billion to strengthen conservation and stewardship of marine and coastal ecosystems in Canada, including investments in marine science, monitoring, and incident prevention and response; improve the protection of marine mammals and their habitats; modernise conservation enforcement; and advance Indigenous-led stewardship and restoration, including in the Great Bear Sea region and the Lower Fraser River Estuary.
- International climate finance: In the Spring Economic Update 2026, Canada outlined its overall goal of delivering over $13 billion in international climate finance to developing countries by 2031, including nearly $6 billion in funding for Global Affairs Canada, Environment and Climate Change Canada, and FinDev Canada. Canada’s renewed climate finance package will aim to maximise climate impact and support developing countries in navigating more complex environmental, geopolitical, and economic realities.
Related product
Associated link
This document is also available at https://pm.gc.ca
SOURCE Prime Minister’s Office
