It’s been a big quarter for the programme – in the last few months, Partnerships for Forests celebrated reaching a major programme milestone and hosted its largest event to date.
In May, we announced a landmark achievement in channelling £1 billion in private investment into forests and sustainable land use through our partnerships. We’re incredibly proud of the work that our team, our partners, communities and actors from across the world have done to make this happen.
In the same month, we also hosted the Partnerships for Forests Forum 2023 and Investing in Forests and Sustainable Land Use, with the first day hosted in partnership with Mobilising Finance for Forests. Over two days, the events brought together more than 350 people involved in investment in forests – from the private sector, government, DFIs, investment firms, multilateral organisations, and forest communities. It was inspiring to see so many initiatives working to expand regenerative business models that protect and restore the world’s tropical forests.
Both days provided a great opportunity to reflect on our successes so far, and look at new ways to replicate and scale these models to catalyse greater levels of private investment. With a recent estimate putting the minimum figure needed to protect the most at-risk areas of tropical forest by the end of the decade at $130bn (£100bn) a year, this goal will be paramount over the coming years.
This newsletter features some examples innovative projects and tools we’re supporting to scale up this funding – including a mechanism for biocredits in Colombia and a global protocol for measuring carbon impact in tropical reforestation projects.
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