Partnerships for Forests: Quarterly Update 🌎 December 2023

COP28 has just wrapped up in Dubai, and P4F team members on the ground at COP have started to make their way home.

The summit marks a key point in the year for climate action, solutions and stocktakes – and is often as regarded as setting the tone for action in the space for next year. Results from this year’s summit have been considered mixed – though with some bright spots for nature, with strong progress made on the first two years of the Global Forest Finance Pledge report, and national forestry packages from Colombia, Ghana, Papua New Guinea and the Democratic Republic of Congo. Colombia was also announced as the host for the Biodiversity COP (COP16) in 2024.

P4F team members from South East Asia and West and Central Africa – representing the whole of the programme – attended COP28, showcasing P4F’s models and learnings from across a range of spheres. More details on our activities can be found further down in the newsletter.

P4F team member in attendance, Raymond Sakyi, WCA Regional Manager, noted: β€œThe financial pledges made at COP28 still fall short of the trillions needed to support developing countries to transition and implement their national climate plans and adaptation efforts. Climate finance to smallholders currently stands around 0.3% which is very low considering the important role they play in sustainable agriculture and forest protection.”

But while COP28 is an undoubtedly important global moment, the work to mobilise finance for protecting and restoring forests happens throughout the other 50 weeks of the year. In this newsletter we’re highlighting stories from across our global regions, with some key links to resources.

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