A new version of a tool to measure forest carbon credits, TREES 2.0, was published last month. It includes novel avenues for measuring carbon storage and purports to bring clarity to the manner in which small-scale carbon projects may be incorporated into landscape-level programs. Backers say they hope that this development — along with the stimulus of the LEAF Coalition that launched in April 2021 with pledges upward of $1 billion for forests — means that after a long and frustrating journey, the puzzle pieces are finally coming together for large-scale forest finance.

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