How carbon markets done right help stop deforestation
To stay within our climate targets we must halt tropical forest loss within this decade. A well-functioning, high-quality forest carbon market that pays for reduced forest emissions at the national or state level – as agreed by all countries under the Paris Agreement – is essential to achieve this goal.
Costa Rica receives first payment for reduced forest emissions from World Bank carbon fund
In August, the Forest Carbon Partnership Facility (FCPF) announced its first payment of $16.4 million to Costa Rica for reducing 3.28 million tons of carbon emissions in 2018 and 2019. This is the first of three instalments of payments for verified emission reductions under Costa Rica’s Emission Reduction Payment Agreement (ERPA), which aims to reduce up to 12 million tons of CO2 emissions through 2024.
Ready for the Oslo Tropical Forest Forum
The Oslo Tropical Forest Forum (OTFF) will be held in Oslo on June 21-22, the first in-person conference since 2018 due to Covid-19.
How to save rainforests with satellites? Highlights of the NICFI Satellite Data Program
Today, on the International Day of Forests, the NICFI is pleased to announce that NICFI’s Satellite Data Program is extended for one more year, until September 2023. Since the launch of the program in 2020, actors across the globe have made use of free, high-resolution imagery of the tropics. In this newsletter, we are excited to share some key impacts of the program.
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.