LEAF Coalition’s proposal is a step forward in saving forests, indigenous peoples
By Vandana Dhoop
Down to Earth
July 1, 2021
The implementation of the coalition’s plan will help pump in fresh rigour among developing countries like India, that are reluctant to recognise the contributions of their forest dwelling populations in mitigating climate change.
At the recently concluded Leaders’ Summit on Climate in April 2021, Lowering Emissions by Accelerating Forest Finance (LEAF) Coalition, a collective of the United States, United Kingdom and Norway governments, came up with a $1 billion fund plan that shall be offered to countries committed to arrest the decline of their tropical forests by 2030.
LEAF was supported by transnational corporations (TNCs) like Unilever plc, Amazon.com, Inc, Nestle, Airbnb, Inc as well as Emergent, a US-based non-profit. Tropical forests are massive carbon sinks and by investing in their protection, public and private players are likely to stock up on their carbon credits.