Global S&T Development Trend Analysis Platform of Resources and Environment
£150 million government investment to save the world's rainforests | |
admin | |
2021-03-12 | |
发布年 | 2021 |
语种 | 英语 |
国家 | 英国 |
领域 | 气候变化 ; 资源环境 |
正文(英文) | £150 million government investment to save the world's rainforestsNew government funding to protect tropical rainforests, regions and communities across Africa, Asia and Latin America.
A new multi-million pound fund launched today will help protect rainforests equivalent to an area the size of Wales, cut millions of tonnes of carbon emissions and improve the lives of over 600,000 people in tropical forest communities across Africa, Asia and Latin America. Through the newly launched Mobilising Finance for Forests Programme, the government will invest £150 million for businesses and investors who support and deliver sustainable land-use projects and protect rainforest regions like the Amazon and Indonesian basins in communities vulnerable to climate change. This is also expected to attract as much as £850 million private investment, support thousands of green jobs across multiple sectors, such as agriculture, food, and technology in these regions, and is predicted to provide 23% of the reduction in carbon emissions and climate impacts needed over the next decade to meet the goals set in the Paris Agreement. The projects that could benefit include those that promote transparent supply chains and implement deforestation-free standards, supporting an estimated 600,000 small-scale farmers and food producers to incorporate forest protection into agricultural production. This funding will help to remove 28 million tonnes of CO2 from the atmosphere, equivalent to the offsetting London’s entire CO2 emissions annually over the next 15 years, through investing in eco-friendly projects like harvesting nuts, seeds, and coffee sustainably, restoring lost forests, diversifying crops to prevent soil erosion, and launching conservation activities – restoring tropical forests as our most effective and natural carbon capture and storage sinks. Today’s funding forms part of the UK’s existing commitment of £11.6 billion for international climate finance, which includes the Prime Minister’s recent pledge to spend at least £3 billion to protect nature and precious biodiversity over the next 5 years, of which projects to maintain forests will be a major part. Energy Minister Anne-Marie Trevelyan said:
International Environment Minister Lord Goldsmith said:
More than a quarter of the world’s population rely on forest resources for their livelihoods, including providing more than 13 million green jobs. Rainforests are also habitats for a vast array of plants and animals and safeguard the planet’s resilience to climate change, including storing carbon dioxide in tree trunks, roots and soil. Through unsustainable approaches like deforestation, the world has lost one-third of its forests since the last ice age – an area twice the size of the United States, releasing a predicted one fifth of the world’s greenhouse gas emissions. By 2030, the global transition to sustainable food and land use will be worth £1.8 trillion annually. This will help 1.5 billion people come out of poverty and feed an additional 2.2 billion by 2050, while protecting valuable natural resources being cleared to make way for grazing animals and to grow crops. COP26 President Alok Sharma said:
The programme is being delivered in partnership with the Netherlands’ Development Finance Institution, which will aim to co-invest up to £36 million of its own capital in project. Executive Director of Tropical Forest Alliance Justin Adam said:
Chief Executive Green Finance Institute Dr Rhian-Mari Thomas OBE said:
The government’s International Climate Finance (ICF) programme plays a key role in supporting the growth of innovative sustainable farming and forestry businesses globally. In 2019, UK ICF programme helped reduce deforestation levels in Colombia by 19% - a great step towards reducing emissions and protecting the people in forests in one of the most bio-diverse countries in the world. In February 2021, the UK COP26 Presidency also launched the Forest, Agriculture and Commodity Trade (FACT) Dialogue, which will bring together key countries exporting agricultural products and the countries consuming these products to discuss how to make this process greener and more sustainable. The dialogue will run up to COP26 and beyond. Through the government’s ICF programme and COP26 presidency, the UK will continue to play a crucial role in addressing the global challenge of climate change internationally in the run up to the COP26 UN Climate Summit in November. Britain is among the largest contributors of public climate finance and the government is committed to providing support which is transparent, transformative and in line with the needs and priorities of developing countries. Notes to editorsRead more details about the International Climate Finance. The Mobilising Finance for Forests programme will use a blended finance investment approach to combat deforestation and other environmentally unsustainable land use practices that are contributing to global climate change. The UK will initially allocate up to £150 million across 5 to 6 investment funds operating in selected tropical forest regions in Africa, Asia and Latin America. The programme’s investments will, over time, contribute to a reduction in deforestation rates by stimulating the growth of private sector investment in markets that create value from standing forests or incorporate forest protection into agricultural production. MFF will be delivered by the Netherlands’ Development Finance Institution (FMO). FMO has a strong track record of investing in a range of forestry and sustainable land use (SLU) sectors in MFF’s targeted geographies. FMO will endeavour to invest £36 million of its own capital alongside the UK, increasing MFF’s mobilisation impact and demonstrating progress for the UK’s COP26 objective to increase International Finance Institutions’ support for nature-based solutions. FMO will also work closely with the Commonwealth Development Corporation (CDC), the UK’s own Development Finance Institution, to increase the flow of much needed private capital into forestry and sustainable land use projects that combat climate change. CDC has invested over £800 million into climate related investments under its current mandate in Africa and South Asia since 2017, primarily in clean energy, but with ambitions to grow the size of its investment portfolio in forestry. All UK investments are closely scrutinised and adhere to a high standard of Official Development Assistance (ODA) rules to ensure they deliver value for money. The UK government’s International Climate Finance (ICF) has committed over £1.1 billion since 2011 to help developing countries slow and eventually stop deforestation and protect precious biodiversity. This includes:
Climate change will hit the hardest communities and groups who are already the most disadvantaged. ICF programmes such as Partnership for Forests provided training and support to women in Brazil to take on a bigger role in male-dominated activities such as cocoa agroforestry activities.
Published 12 March 2021
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来源平台 | Department for Business, Energy & Industrial Strategy |
文献类型 | 新闻 |
条目标识符 | http://119.78.100.173/C666/handle/2XK7JSWQ/318350 |
专题 | 气候变化 资源环境科学 |
推荐引用方式 GB/T 7714 | admin. £150 million government investment to save the world's rainforests. 2021. |
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