LEAF Coalition Announces $1 Billion Mobilized for REDD+ Transactions and New Participants
GLASGOW — November 8, 2021
The Secretariat of the Architecture for REDD+ Transactions (ART) welcomes the series of announcements last week at COP26 by the LEAF (Lowering Emissions by Accelerating Forest finance) Coalition.
At the World Leaders' Summit, LEAF announced it has mobilized $1 billion USD for forest country governments committed to increasing ambition to protect forests and reduce deforestation. The Coalition is now on track to become one of the largest-ever public-private efforts to protect tropical forests, with total demand for ART-TREES verified emission reductions estimated to potentially reach at least several billion dollars.