Norway’s USD 3b pledge: Stanford economist warned about pitfalls of Brazilian forest fund

Norway, by far the largest contributor to Brazil’s flagship Tropical Forest Forever Facility (TFFF), has underestimated the weaknesses of the fund’s design, says Stanford University economist Bård Harstad. He has contributed to a group of international economists that advised the Brazilian COP30 Presidency, and he discussed his concerns with the Norwegian Climate Ministry months ago. “They should have required Brazil to improve on the scheme,” he says to Development Today.