Release of new overview report on carbon finance opportunities for Sustainable Forest Management
Hattem, Zurich, 8 November 2021: Form International and Precious Forests Foundation present a new overview report on carbon finance opportunities for Sustainable Forest Management
As the COP26 deforestation $19 billion pledge impressively demonstrates, forests have come to the forefront in the fight against climate change as valuable carbon storage assets. Sustainable Forest Management (SFM) of tropical forests is one of the key strategies to ensure tropical forest conservation. SFM is recognized as one of the best approaches for managing multipurpose and production forests. SFM provides multiple benefits for conservation, communities and biodiversity, but faces uneven competition from unsustainable forest use and deforestation, which hampers further adoption of SFM. Climate finance is much needed to tip the balance in favor of SFM, but thus far climate finance does not find its way to SFM projects. In this report Form International provides a technical overview to foster improved understanding of the subject, analyses the problem, and shows ways forward. The study was conducted for the Precious Forests Foundation (PFF) and provides the first overview on the state of affairs, benefits, potential, and the importance of carbon finance to support SFM in tropical forests. Forests and sustainably sourced wood will play a decisive worldwide role in a circular bioeconomy and should be valued as such.
Form International and PFF will continue to promote this theme through knowledge development, by making available tools for operators and by supporting SFM projects to connect to climate finance.
