$2 billion investment in forest restoration announced at COP23

By Mike Gaworecki
Mongabay
November 15, 2017
Category: Carbon, Climate & Bioenergy
Region: International

Last Thursday, at the UN climate talks in Bonn, Germany (known as COP23), the World Resources Institute (WRI) announced that $2.1 billion in private investment funds have been committed to efforts to restore degraded lands in the Caribbean and Latin America. The investments will be made through WRI’s Initiative 20×20, which has already put 10 million hectares (about 25 million acres) of land under restoration thanks to 19 private investors who are supporting more than 40 restoration projects. Agriculture, forestry, and other land uses are responsible for about a quarter of global greenhouse emissions, but in Latin America and the Caribbean, they account for roughly half of all emissions.

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