ECOSYSTEM MARKETPLACE: Why the EU needs to embrace forest carbon finance

Published 19:41 on November 28, 2017  /  Last updated at 19:41 on November 28, 2017  /  Africa, Americas, Asia Pacific, Climate Talks, Conversations, EMEA, EU ETS, International, Nature-based, Other APAC, South & Central, Views, Voluntary Market  /  No Comments

A new report on forest finance shows that investments in the forest sector fall far short of what’s needed to end deforestation. Conserving and restoring tropical forests could deliver up to 30% of the carbon savings necessary to keep the average global temperature rise to 1.5C, only about 1% of international development funding for climate mitigation is directed towards this.

Imagine there was a way to rapidly eliminate more greenhouse-gas emissions than are produced by the entire global transport sector, and start removing significant quantities of carbon from the atmosphere without the need for new technology. That doing so would also make a massive contribution to conserving biodiversity, while improving lives and livelihoods in developing countries. And that it would cost a fraction of most other climate solutions. Surely we’d do everything in our power to support it?

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