LEAF Coalition proposal is a step forward in saving forests

LEAF Coalition proposal is a step forward in saving forests

Subject : Environment

Context : LEAF coalition will be one of the largest ever public-private efforts to protect tropical forests and intend to mobilize at least USD 1 billion in financing to countries committed to protecting their tropical forests.

Concept :

Lowering Emissions by Accelerating Forest Finance Coalition

• It is a collective of the governments of the USA, United Kingdom and Norway.
• As it is a public-private effort, thus also supported by transnational corporations (TNCs) like Unilever plc, Amazon.com, Nestle, Airbnb etc.
• A country willing to participate would need to fulfil certain predetermined conditions laid down by the Coalition.

Financial Support:

• The results-based financing model will be used in LEAF.
• The model weighs on work by the Environmental Defense Fund over two decades, in collaboration with Indigenous communities, forest peoples, Brazilian and US NGOs, and other partners, to protect the Amazon and tropical forests globally.
• Performance will be measured against the TREES Standard (The REDD+ Environmental Excellence Standard)