Veterans of Norwegian oil fund to review Brazil’s Tropical Forest Forever fund

May 20, 2026 / By: Bjørn H Amland

The Norwegian Parliament has been asked to authorise a NOK 30 billion subsidised loan to Brazil’s Tropical Forest Forever Facility (TFFF). Norway co-chairs the proposed fund and is so far its largest donor. TFFF intends to invest USD 125 billion in fixed-income assets mainly in emerging markets. Two pioneers of the oil fund have been engaged to review TFFF.

Knut Kjær (002).jpg — Knut N. Kjær is often referred to as the father of Norway’s oil fund. The Norwegian Climate Ministry has engaged him to review the financial model of Brazil’s Tropical Forest Forever Facility to which Norway has pledged NOK 30 billion. (Photo: APG)

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