Nearly USD 4.7 billion of results-based finance for forests have been committed by bilateral or multilateral sources since 2010.
Over the last two years, disbursement of results-based finance has seen significant growth, with between USD 230-260 million being disbursed annually. This means that 40 percent of commitments have now been disbursed.
Out of the 18 countries in the Forest Carbon Partnership Facility’s Carbon Fund, only four have advanced to signing Emission Reductions Payment Agreements (Democratic Republic of the Congo, Mozambique, Chile, and Ghana).
Finance channeled to forests through carbon markets is significant in volume; equal to USD 2.5 billion over the last 20 years.
Private-sector demand for forest carbon credits is gaining momentum; however, it is unclear how the COVID-19 outbreak will impact this demand.
Many domestic compliance schemes allow the use of carbon credits from forest projects or programs.
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The Forest Declaration Platform and the Forest Declaration Assessment are supported by The Federal Ministry for the Environment, Nature Conservation and Nuclear Safety (BMU) of Germany.
Other current and previous supporters of these initiatives include the Climate and Land Use Alliance, the Good Energies Foundation, and the International Climate Initiative (IKI) of the Federal Ministry for the Environment, Nature Conservation and Nuclear Safety (BMU), which has supported this initiative on the basis of a decision adopted by the German Bundestag.
This project is supported by the Climate and Land Use Alliance and the Good Energies Foundation. Research that contributed to this project is part of the International Climate Initiative (IKI). The Federal Ministry for the Environment, Nature Conservation and Nuclear Safety (BMU) supports this initiative on the basis of a decision adopted by the German Bundestag.