The Forest and Climate Leaders Partnership (FCLP) held its inaugural summit meeting today (Nov 7) at COP27 in Egypt. Trillion Trees welcome this initiative and the fact that 26 countries and the EU, including some of the world’s most highly forested, have committed to drive delivery and accountability. In addition to the announcement of the UK's commitment of £1.5 billion finance for forests over 2021-25.
We cannot effectively tackle climate change without forests and urgent action (not just words) is crucial. But there is an absolute need for markets and private capital to be part of this solution. Effective finance for forests is one of the key issues to be solved if the bold commitments made today are to result in action. Government pledges are welcome, but they will not be enough to enable real change, at scale. Business and the private sector must invest in solutions that will protect and restore the world’s forests, upon which so much of the global economy depends.