New public-private coalition launched to mobilize more than $1 BN to protect tropical forests and enhance global climate action
Today at the Leaders Summit on Climate a group of governments and companies announced the LEAF Coalition, an ambitious new public-private initiative designed to accelerate climate action by providing results-based finance to countries committed to protecting their tropical forests. This initiative aims to mobilize at least $1 billion in financing, kicking off what is expected to become one of the largest ever public-private efforts to help protect tropical forests, to the benefit of billions of people depending on them, and to support sustainable development.
New bilateral partnership between Indonesia and Norway
Indonesia and Norway enter into a new bilateral climate and forest partnership to recognize Indonesia’s impressive results to date and support its ambitious emissions reduction plans. Indonesia has become a global leader by reducing its deforestation to its lowest level in 20 years — the country targets a net sink in the forestry and other land use sector by 2030.
Ecuador’s continued reductions in deforestation attracts new climate finance from Norway
Following continued reductions in deforestation, Norway expands its results-based payments to Ecuador and pays up to USD 24 million.
70 % of Ecuador’s forests are located in the Amazon.
Norway supports 39 new projects: Civil society plays a key role in the fight to save the rainforest
The role of civil society is crucial for the preservation of the world’s tropical forest. Norway is now announcing 39 new projects in cooperation with civil society organisations, amounting to a total of NOK 1.835 billion over the next five years, equallying an amount of 215 million US dollars with today’s exchange rate. The largest share of the allocations will be channelled to indigenous peoples. ‘Their fight should also be our fight,’ says Sveinung Rotevatn, Norway’s Minister of Climate and Environment.
New satellite images to allow anyone, anywhere, to monitor tropical deforestation
On Wednesday 23 September 2020, Norway’s Ministry of Climate and Environment entered into a contract worth up to NOK 400 million (approx. USD 43 million) with Kongsberg Satellite Services (KSAT) and its partners Airbus and Planet, to provide universal access to high-resolution satellite monitoring of the tropics in order to support efforts to stop the destruction of the world’s rainforests.
Peru launches new fund – receives USD 10 million for its efforts against deforestation
At COP27 the Peruvian Environmental Protection Minister Mr. Wilbert Gabriel Rozas Beltran and Norway’s Minister of Climate and Environment Mr. Espen Barth Eide signed an agreement for a Norwegian contribution of USD 10 million for achieved policy milestones in Peru’s efforts to reduce deforestation.
New Deputy Director of NICFI
On her first day as Deputy Director of NICFI, Dyveke Rogan boarded a plane to Bogotá to learn about deforestation issues from one of Norway’s key partners.
Fern rainforest, New Zealand
Panoramic scene of a forest of ferns in New Zealand.
Fern rainforest, New Zealand
Panoramic scene of a forest of ferns in New Zealand.
Western pygmy marmoset, Callithrix pygmaea, one of the smallest monkeys in the world. A New World monkey endemic to the northwestern Amazon rainforest in Brazil, Colombia, Ecuador, and Peru.
Western pygmy marmoset, Callithrix pygmaea, one of the smallest monkeys in the world. A New World monkey endemic to the northwestern Amazon rainforest in Brazil, Colombia, Ecuador, and Peru.