Financing forest-friendly cattle ranching in Colombia
The &Green Fund signs loan agreement with Colombian Hacienda San José to scale up their more sustainable business model for the cattle sector. Norway’s International Climate and Forest Initiative (NICFI) is a major contributor to the &Green fund.
Welcome to NICFI’s newsletter!
This first edition will take stock of the breakthroughs for tropical forests coming out of the UN climate summit in Glasgow, including some exciting announcements from NICFI and our partners.
Helping forest countries make sense of satellite data
Satellite data can be a key weapon in the fight against tropical deforestation, but demands high technical skills and powerful computer processing. Norway pays NOK 90 million in support of a UN project aimed at translating such data into actionable insights.
Peru reaching key milestones in rainforest protection
Peru has stepped up efforts to reduce deforestation in the Amazon through the major international forest and climate alliance with Germany, Norway, the UK, and the US. Important progress has been made on the expansion of protected areas and indigenous reserves and putting in place important policy and monitoring instruments. Norway announces a payment of USD 10 million to Peru as part of the existing climate and forest partnership for achieved policy milestones.
Norge støtter Perus kamp mot avskoging
Norge gir 85 millioner kroner til Peru for å trappe opp innsatsen for regnskogen. Pengene gis som betaling for resultater til Peru, som har oppnådd flere milepæler i perioden fra 2018 til 2020, i tråd med samarbeidsavtalen mellom Peru, Norge, Storbritannia, Tyskland, og USA.
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.
Costa Rica and Norway team up to kick-start forest carbon market
A pioneer country in reducing deforestation, Costa Rica is rewarded up to USD 10 million for its performance to date. The deal sets the country on a path to access larger funding from carbon markets going forward.
Breakthrough for rainforests at climate summit in Glasgow
It was all about forests on 2 November, the second day of the climate summit in Glasgow. Norway’s Prime Minister Jonas Gahr Støre and other heads of state announced a string of rainforest-related measures that will give the world a strong boost in the battle against deforestation.
Gjennombrudd for regnskogen under klimatoppmøtet i Glasgow
Den store skogdagen under klimatoppmøtet i Glasgow ble tirsdag 2.november. Statsminister Jonas Gahr Støre og andre statsledere kom med en rekke regnskognyheter som gir verden et sterkt løft i kampen mot avskoging.
LEAF gets carbon market breakthrough
The LEAF Coalition, a public-private partnership for forest conservation, announced in Glasgow that it has mobilized $1 billion USD to protect the world’s rainforests.