Pará is set to become the first state in Brazil to secure finance from the LEAF Coalition to support its efforts to reduce deforestation, following the signing of a landmark agreement worth an estimated $180 million.
Kenya has become the second African nation to sign a Letter of Intent (LOI) to supply high-integrity emissions reductions and removals credits to the LEAF Coalition.
Proposals from Bolivia and the Colombian Department of Chocó have the potential toincrease forest protection across 16 million hectares of tropical forest as new window opens for Forest Governments to submit proposals to the LEAF Coalition
A total of six new agreements with forest nations and states were announced today at COP27 by the LEAF Coalition, the public-private initiative, which aims to end tropical deforestation: Amapá, Amazonas, Mato Grosso, Pará, Costa Rica and Nepal
Amapá, Amazonas, Mato Grosso and Pará have become the first Brazilian states to sign Letters of Intent to supply emissions reductions credits to the LEAF Coalition.
The LEAF Coalition today announced it has increased the total amount of financial commitments for the purchase of high-integrity emissions reductions credits to over USD $1.5 billion.
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