This Week in Forest Finance January 16
Global forest finance initiatives surpass $10B; milestones in Chile, Canada, & Brazil boost restoration.
Global Forest Finance Pledge Reaches $10 Billion in Deforestation Fight
The Global Forest Finance Pledge (GFFP) has surpassed $10 billion in funding, marking significant progress towards its $13 billion commitment made at COP26. With $4.34 billion contributed in 2023 alone, the pledge supports forest restoration, sustainable management, and collaboration with local communities, showing the world’s united effort to tackle deforestation.
How can global pledges like the GFFP inspire greater action against deforestation?
👉👉Read the most recent annual report
Chile Earns $5.1M for Forest Carbon Success
Chile has received a $5.1 million payment from the World Bank’s Forest Carbon Partnership Facility (FCPF) for reducing 1.03 million tons of CO2 through its Forest Carbon Program.
As the second Latin American country to achieve this milestone, Chile is paving the way for REDD+ efforts to combat deforestation and promote forest resilience, with up to $26 million in potential funding under its agreement.
What lessons can other countries learn from Chile’s success in reducing emissions and protecting forests?
👉👉Read the press release from the World Bank
Building the Forests of the Future in Fundy Biosphere
The Fundy Biosphere Initiative, supported by Canada’s 2 Billion Trees program, is advancing efforts to create resilient ecosystems with a $284,965 grant spanning 2024–2026.
In 2024, the organization achieved a major milestone by planting 45,000 trees, thanks to the collaboration of 10 landowners, six partner organizations, and community members across three municipalities. These efforts contribute to reducing greenhouse gas emissions, enhancing biodiversity, and fostering ecological resilience within the UNESCO-designated Wabanaki Forest region.
Can tree-planting initiatives like this inspire broader climate action in other communities?
👉👉Read the summary of the 2024 planting project
Denmark Joins Global Support for Brazil’s Amazon Fund
Denmark has pledged 150 million Danish kroner ($21.3 million) to Brazil's Amazon Fund, supporting efforts to combat deforestation and promote sustainable development.
Established in 2008 and managed by Brazil's BNDES development bank, the fund has $750 million under management and has supported 114 conservation projects so far. Denmark joins major contributors like Norway, Germany, and the US in backing this vital initiative to preserve the Amazon.
How can international collaboration amplify the impact of conservation efforts like the Amazon Fund?
👉👉Read the press release
Edited by Chris Harris
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