Skip to main content

Coalition aims for $1 billion in forest finance for people and emissions

by Slack, Aug 31
2 minutes read

In what is expected to be one of the largest public-private initiatives to protect forests while benefiting people, the Lowering Emissions by Accelerating Forest Finance (LEAF) coalition will provide financial support to countries able to reduce deforestation and forest degradation.  The coalition, which includes governments like the the US, Norway, and the UK, aims to mobilize at least $1 billion in financing to provide high-quality emissions reductions for tropical forests “verified against an independent standard”.

pile of brown wood logs

So what?

While other similar initiatives (e.g. REDD+) have been around for years, LEAF signals a phase-change and maturation of carbon offsetting and forest finance.  By 1) paying a  higher price per hectare of forest protected,  2) requiring participating businesses and governments to be SBTi 1.5 C signatories and reduce emissions before purchasing offsets, and crucially 3) by deploying funds to jurisdictions and regions instead of individual landowners, the LEAF coalition could prove much more effective than previous approaches to forest protection.  This means that jurisdictions will be payed closer to what they could make from cutting or exploiting the forest, that participating businesses will need to reduce emissions before simply offsetting them, and that that illegal loggers don’t simply move “down the road” to the next patch, but that entire regions need to work together to protect forests.  Will we finally see forest financing produce the desperately-needed reduction in deforestation and degradation needed to stave climate, social, and biodiversity disruption?



by Slack Spotted 22 signals

Have you spotted a signal of change?

Register to receive the latest from the Futures Centre.
Sign up

  • 0
  • Share

Join discussion

Related signals

Our use of cookies

We use necessary cookies to make our site work. We'd also like to set optional analytics cookies to help us improve it. We won't set optional cookies unless you enable them. Using this tool will set a cookie on your device to remember your preferences.

For more detailed information about the cookies we use, see our Cookies page.

Necessary cookies

Necessary cookies enable core functionality such as security, network management, and accessibility. You may disable these by changing your browser settings, but this may affect how the website functions.

Analytics cookies

We'd like to set Google Analytics cookies to help us to improve our website by collecting and reporting information on how you use it. The cookies collect information in a way that does not directly identify anyone. For more information on how these cookies work, please see our 'Cookies page'.