Climate 411

Selected tag(s): Biodiversity

COP30 in Brazil Must Deliver for Nature and Forests – And the Stakes Have Never Been Higher

By Roselyn Fosuah Adjei  

Roselyn is a senior expert in REDD+, forest governance, and climate policy and a Distinguished Humphrey Fellow of the U.S State Department. She currently serves as a Senior Advisor to EDF’s Forests team. 

Waterfall in tropical rainforest

Photo: Leslie Von Pless/ EDF

Most of us working in nature conservation think of the quickly approaching COP30 in Belém, Brazil, as the “Nature COP.”

The last time that title was used was at COP26 in Glasgow — a post-pandemic gathering that re-energized climate action after a year of global lockdowns. Glasgow gave birth to the Lowering Emission’s by Accelerating Forest Finance (LEAF) Coalition’s first Letters of Intent with tropical forest countries, signaling unprecedented forest-finance momentum in the voluntary carbon market through an unusual blend of public and private finance. It also saw the launch of the Glasgow Leaders’ Declaration on Forests and Land Use, endorsed by over 140 countries pledging to halt and reverse forest loss by 2030, and the UK-led Forest, Agriculture and Commodity Trade (FACT) Dialogue, which charted a path toward deforestation-free commodity supply chains.  

But even with these gains, the world has been falling short in recognizing and financing nature’s role in sustaining a livable planet.  

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Posted in Carbon Markets, Climate Finance, Forest protection, Indigenous People, Paris Agreement, REDD+, United Nations / Also tagged , , , , , , , , | Authors: / Comments are closed

Building Trust and Consensus at CBD COP16: A Breakthrough for Biodiversity Finance

COP16.2 plenary in Rome

This blog was authored by Milloni Doshi, Project Manager, Global Engagement and Partnerships and Annie Mark, Senior Director, Global Partnerships.

The 16th Conference of the Parties of the United Nations Convention on Biological Diversity (CBD COP16) concluded in Rome with what is being hailed as a historic global finance plan to support the Kunming-Montreal Global Biodiversity Framework, agreed at COP15 in 2022.  

The first of its kind in the biodiversity space, this financial plan was the subject of tense discussion and remained unresolved after the first session of COP16 in Cali, Colombia. Parties diverged on the funding mechanisms needed to mobilize at least 200 billion USD a year by 2030. Colombia’s COP President Susana Muhamad reconvened the Parties in Rome for a three-day sprint – referred to as COP16.2 – to resolve the outstanding issues from Cali.  

Amid the nuances of the text, EDF sees three key reasons for optimism, and three opportunities to strengthen this endeavor as we look ahead to COP17 and the 2030 targets.  Read More »

Posted in Climate Finance, International, Policy, United Nations / Also tagged , , | Authors: , / Comments are closed