MONTREAL – The Ministry of Natural Resources announced an investment of $18.7 million in support of Scaling-up Nature-Based Leadership Platforms. Through the proven partnerships of the International Model Forest Network in official development assistance –eligible countries, this investment will support efforts to scale up forest and landscape restoration, enable inclusive landscape governance and equip the next generation of forest leaders to address the twin crises of climate change and biodiversity loss. The investment represents an allocation of Canada’s five-year $5.3-billion climate finance commitment made in 2021 and toward Canada’s commitment that 20 percent of these funds go toward nature-based climate solutions and projects that contribute biodiversity co-benefits. This investment … will not only help support developing countries in their transition to low-carbon, climate-resilient, nature-positive and inclusive sustainable development but also contribute in part to delivering on Canada’s commitments under the Global Forest Finance Pledge and the Forests and Leaders’ Partnership.
Additional coverage: COP15: Daily highlights – December 11, 2022 by Environment and Climate Change Canada