The Lowering Emissions by Accelerating Forest finance (LEAF) Coalition
The LEAF Coalition, launched in April, will provide public and private finance to national governments for tropical forest protection. Participants in the initial phase include the governments of Norway, the UK and US, and companies such as Amazon, GSK, McKinsey, Nestlé and Unilever. $1 billion is promised in the first call for proposals which closes in July 2021, with contracts to be signed by the end of 2021. This would make it one of the largest public-private efforts to protect tropical forests.
Emission reductions from LEAF will be issued by Architecture for REDD+ Transactions (ART), ensuring that they follow requirements for quantification, monitoring, reporting and verification of emission reductions (the REDD+ Environmental Excellence Standard (TREES)).
Explore the LEAF coalition website here.