FINANCING REDD+ UNDER THE PARIS AGREEMENT: AN IETA BRIEFING PAPER
14.11.24|Press Releases
Today, [14 November 2024], as COP29 unfolds and critical decisions are on the horizon, IETA launched its latest paper addressing the urgent need to close the financing gap for nature by 2050 in order to achieve global climate and land degradation targets.
The paper emphasises the crucial role of market-based mechanisms, particularly through the effective utilisation of Article 6, in directing finance and attracting private sector investment to meet these objectives. It is vital to highlight the significance of both market-based and non-market-based REDD+ approaches within the Paris Agreement. By integrating market-based REDD+ into the development and operationalisation of Article 6, we can provide clarity and guidance for countries, corporations, and policymakers, facilitating the expansion of REDD+ activities and aligning global efforts with the goals of the Paris Agreement and the Glasgow Leaders’ Declaration on Forests and Land Use.
Read the full paper.
