Climate 411

Financing Forest Conservation: Guiding Quality Forest Finance in the Baku to Belém Roadmap

By Zach Cohen and Mark Moroge / Published: July 22, 2025

Aerial view of a Costa Rican rainforest. Flickr/ Francisco Guerrero 2020

By Mark Moroge and Zach Cohen 

At this November’s UN Climate Conference in Belém, progress on climate finance will be measured not just in pledges, but in delivery – including for forests, which are critical to regulating the climate, sustaining biodiversity, and supporting millions of people. The driving question: how do we get more money to the people conserving critical ecosystems at the speed and scale needed to make a difference? 

Last year’s climate conference in Baku set an ambitious goal to mobilize $1.3 trillion by 2035 for developing countries. Over the coming months, countries will provide inputs on a ‘Baku to Belém Roadmap’, guiding public and private sectors to deliver on this target. While scaling climate finance is essential, so is ensuring its quality. Strengthening the affordability, accessibility, and effectiveness of climate funding must be priorities to catalyze transformative action. 

As the Baku to Belém Roadmap takes shape, these principles of quality cannot just be abstractions – they need to be translated within specific sectors and contexts. This is especially true for the forest sector, where stakeholders face underlying barriers to securing the financing they need, and where there are ripe opportunities to unlock new resources, from leveraging public money to catalyze private investment, to deploying innovative models like the Tropical Forests Forever Facility.  Read More »

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States in the Regional Greenhouse Gas Initiative take an important step forward — and there’s room to go further

By Peter Della-Rocca and Pam Kiely / Published: July 16, 2025

On July 1, the ten states participating in the Regional Greenhouse Gas Initiative (RGGI) concluded their Third Program Review and announced updates that strengthen the regional cap on climate pollution, beginning in 2027. These changes also introduce new measures to protect energy affordability and reaffirm the program’s commitment to cutting pollution, promoting clean energy and supporting local communities. 

As Environmental Defense Fund (EDF) analysis shows, the case for program improvements is well supported — delivering clean electricity and critical climate and health benefits while ensuring consumer affordability. And there’s still room to do even more.

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Jalisco’s Path to High-Integrity Jurisdictional Climate Finance: A Model for Climate Action and Territorial Justice

By Edgar Godoy / Published: June 19, 2025
Cloudy forest in Jalisco, Mexico

Clouds partially cover a forest in the state of Jalisco, Mexico. Photo by Edgar Godoy.

This post was authored by Edgar Godoy, Associate Vice President for Jurisdictional Alliances, and Paola Bauche, Secretary of Environment and Territorial Development, State of Jalisco, Mexico.

As the urgency of the climate crisis intensifies, jurisdictional REDD+ approaches have emerged as a scalable, equitable, and results-based solution for tackling deforestation and forest degradation. In Mexico, the State of Jalisco stands out as a subnational leader, having developed and begun implementing a jurisdictional REDD+ model rooted in long-term vision, institutional strength, and a strong commitment to forest communities’ rights. In its role as strategic partner to the Government of Jalisco, Environmental Defense Fund has been providing targeted technical assistance, supporting the development of emissions baselines and safeguard frameworks, and bolstering Jalisco’s alignment with international best practices in high-integrity carbon markets.

With over 4 million hectares of forest cover, representing more than 50% of its territory, Jalisco’s forests are critical for biodiversity conservation, climate regulation, and the livelihoods of hundreds of communal land communities, called ejidos, and Indigenous communities. The state’s REDD+ Strategy, developed through inclusive, participatory processes, links forest conservation, restoration, land-use planning, and sustainable rural development. It aligns with Mexico’s national REDD+ framework and the country’s commitments under the Paris Agreement.

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Also posted in Forest protection, Indigenous People, International, Mexico, Paris Agreement, REDD+, United Nations / Authors: / Comments are closed

Cap-and-invest program continues to drive down climate pollution and raise investments in Washington state

By Caroline Jones / Published: June 11, 2025

Results were released today for Washington’s second cap-and-invest auction of the year, administered last Wednesday by the Department of Ecology (Ecology). During the auction, participating entities submitted their bids for allowances. Under the Climate Commitment Act — Washington’s landmark climate law that sets a binding, declining limit on pollution — major emitters in Washington are required to hold one allowance for every ton of greenhouse gas they emit, with the total number of allowances decreasing each year. This system requires Washington’s polluters to reduce their emissions in line with the state’s climate targets, as fewer allowances become available annually.

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Despite lower revenue due to program uncertainty, a stronger, long-term Cap and Trade promises to strengthen investments in California

By Caroline Jones and Katelyn Roedner Sutter / Published: May 29, 2025

Results were released today for California’s second cap-and-trade auction of the year, and the first auction since Governor Newsom proposed extending California’s cap-and-trade program through 2045 as part of his May budget proposal. As California lawmakers consider the future of the cap-and-trade program, they face a pivotal opportunity to deliver real and lasting benefits to communities across the state. At stake is not only California’s continued leadership on climate, but also the potential to unlock major economic and affordability gains for Californians.

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Despite $1 billion budgeted for clean energy, New York’s delayed cap-and-invest rollout is costing residents billions more in savings

By Kate Courtin / Published: May 16, 2025

Last week, New York approved its 2025 budget, which includes $1 billion to invest in clean energy, energy efficiency and other programs that will reduce pollution and save New Yorkers money. Unfortunately, the benefits of these investments are overshadowed by the delayed launch of New York’s cap-and-invest program, which would provide billions more in savings to New Yorkers every year.  

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