Strengthening international forest-related climate finance

Context

Forests and land use are important for mitigating climate change. They could account for up to a third of the reduction in global greenhouse gas emissions by 2030.

Many countries and initiatives are already committed to protecting forests, but global deforestation nevertheless continues to increase. The public and private funding available to finance climate measures is inadequate to exploit the mitigation potential of forests and land use to the full. Since 2015, Germany, Norway and the UK have therefore been cooperating closely to coordinate and increase forest-related climate finance.

Objective

The effectiveness of forest-related climate finance is enhanced and the opportunities for the targeted implementation of forest and climate protection measures in selected tropical forest countries are improved.

Approach

The project improves the strategic positioning of forest-related climate finance internationally and supports the mobilisation of private funding. It also supports the coordination of relevant actors so that forest-related climate finance is used effectively and financing commitments are met, and in order to contribute to international agreements and initiatives.

Selected measures in cooperation countries will contribute to making climate finance more effective and to promoting knowledge transfer between project activities and international initiatives. Norway's International Climate and Forest Initiative (NICFI) supports decision-making bodies through additional funds to develop climate finance options after 2020.

Last update: June 2023