Costa Rica and Ghana Agree Landmark Deals to Supply Forest Carbon Credits to LEAF Coalition Buyers
Costa Rica and Ghana have become the first forest governments to reach Emissions Reductions Purchase Agreements (ERPAs) with Emergent to supply high-integrity jurisdictional REDD+ emissions reductions and removals credits to LEAF Coalition buyers.
These landmark agreements, potentially worth over $60 million in total for credits from 2017 to 2019, are the first globally to involve funds from multiple corporate buyers alongside the public sector.
They demonstrate the potential of the LEAF approach to rapidly scale finance to support forest governments in their efforts to reverse deforestation. At least ten corporate buyers from the LEAF Coalition including Bayer, Capgemini, McKinsey, PwC and Walmart Foundation will purchase credits from the governments of Ghana or Costa Rica.
