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Hilen Meirovich, managing director of climate and environment at IDB Invest, the Inter-American Development Bank Group’s private-sector arm, told the audience at the Bloomberg Green event that TFFF will take time to develop and her bank is helping shape the fund’s investments. There might be a way for forest financing can learn from renewable energy’s sector: “Ten, fifteen years ago we needed concessional resources,” Meirovich said of renewables, “and today [it] is commercially viable.”Dana Barsky, global head of sustainability strategy and net zero at Standard Chartered PLC, described TFF as an “important reward system” that could benefit over 70 forest countries if combined with other mechanisms such as carbon credits. “We have to start now,” she said in an interview at the Bloomberg Green conference. “It may not be perfect, but if we don’t start and tackle this issue, then we won’t get anywhere.”
