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    • News
    • Climate finance

    New acceleration fund to drive investment in forests

    The fight to end tropical forest loss could receive a boost from a new financial mechanism designed to get private sector investment flowing into forest carbon credits generated by REDD+ projects.

    By Sophie Edwards // 11 November 2016

    A new financial mechanism to help combat climate change by getting funds flowing into forest carbon credits is under development and could be launched by spring next year.

    Forest deforestation and degradation contributes to approximately 20 percent of global greenhouse gas emissions per year, and so protecting forests has the potential to have one of the largest and most immediate impacts on climate change.

    Forest carbon credits hope to provide incentives to do just that. They are generated by initiatives and projects that reduce deforestation, plant new trees and promote carbon-conscious land management — all of which results in a reduction of carbon dioxide emissions. Each ton of CO2 not emitted translates into one carbon credit, which can then be traded on either the voluntary or compliance carbon markets, enabling governments and companies to meet their carbon emission allowances or voluntary targets.

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    Read more stories on climate funding:

    ► Forests and finance trends — role of forests in meeting the Paris climate targets

    ► The promising private sector climate finance debate

    ► Is the Paris agreement the lightning rod we're looking for?

    ► DevExplains: What is carbon pricing?

    • Environment & Natural Resources
    • Marrakech, Morocco
    • Kyoto, Japan
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    About the author

    • Sophie Edwards

      Sophie Edwards

      Sophie Edwards is a Devex Contributing Reporter covering global education, water and sanitation, and innovative financing, along with other topics. She has previously worked for NGOs, and the World Bank, and spent a number of years as a journalist for a regional newspaper in the U.K. She has a master's degree from the Institute of Development Studies and a bachelor's from Cambridge University.

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