The Green Climate Fund (GCF), one of the world’s largest providers of forest finance, has joined the Collaborative Partnership on Forests (CPF) in a move that will enhance global efforts to end deforestation and ensure the sustainable management of forests and trees, the CPF announced today.
GCF becomes the 16th member of the partnership, which is chaired by the Food and Agriculture Organization of the United Nations (FAO), and comprises UN agencies, conventions and other organizations with substantial programmes on forests to support the work of the United Nations Forum on Forests and its member states.
“The Green Climate Fund is a global player in forest finance and we welcome it as a new member of the Collaborative Partnership on Forests,” said Zhimin Wu, Chair of the CPF and Director of FAO’s Forestry Division. “We look forward to the joint efforts of the CPF member organizations towards the sustainable management of the world’s forests and achieving global forest-related goals, including the Global Forest Goals of the UN Strategic Plan for Forests 2030.”
The Green Climate Fund was set up by the United Nations Framework Convention on Climate Change to support developing countries in adapting to climate change and mitigating its effects. It serves as a financial mechanism of the Paris Agreement, and is the world’s largest dedicated climate fund.
The Fund currently has 209 approved projects in 128 developing countries. Over 30 of these projects are forest-related initiatives being implemented by CPF member organisations, contributing more than half of GCF’s total investment in mitigation and adaptation outcomes within the forest, land use and ecosystem services sectors.
“Sustainable forest and land use management are essential to avert catastrophic climate change, preserve biodiversity and create new sources of livelihoods. GCF is delighted to be joining the Collaborative Partnership on Forests to strengthen and deepen our engagement in this critical area. There are many barriers to financing forest conservation, sustainable use and restoration efforts. GCF supports its partners in overcoming these barriers through policy development and de-risking the first application of new climate solutions to establish a successful track record and catalyze finance at scale,” said Yannick Glemarec, Executive Director of the Green Climate Fund.
The CPF's vision is a world in which by 2030 all types of forests and forest landscapes are sustainably managed, their multiple values are fully recognised, the potential of forests and their goods and services is fully unlocked, and the Global Forest Goals, the Sustainable Development Goals and other global forest-related goals, targets and commitments are achieved.
The Partnership is the driving force for the implementation of the international forest agenda, providing technical and policy guidance and spearheading a coherent effort to meet global forest goals.