The UN Framework Convention on Climate Change (UNFCCC) established REDD+.
05 July 2021 Current Affairs:At the Leaders Summit on Climate 2021, the LEAF (Lowering Emissions by Accelerating Forest Finance) Coalition was announced. It will be one of the most significant public-private partnerships in the history of tropical forest conservation. It intends to raise at least USD 1 billion in funding for countries that are committed to protecting their tropical forests.
About LEAF Coalition:
♦ It is a collaboration of the governments of the United States, the United Kingdom, and Norway.
♦ To participate, a country must meet certain predetermined conditions imposed by the Coalition.
♦ LEAF will employ the results-based financing model.
♦ Reducing Emissions from Deforestation and Forest Degradation:
♦ REDD+ seeks to mitigate climate change by incentivizing forest conservation.
♦ It monetizes the value of carbon locked up in most developing countries' tropical forests, propelling these countries to help mitigate climate change.
♦ The UN Framework Convention on Climate Change (UNFCCC) established REDD+.
About LEAF Coalition:
♦ It is a collaboration of the governments of the United States, the United Kingdom, and Norway.
♦ To participate, a country must meet certain predetermined conditions imposed by the Coalition.
♦ LEAF will employ the results-based financing model.
♦ Reducing Emissions from Deforestation and Forest Degradation:
♦ REDD+ seeks to mitigate climate change by incentivizing forest conservation.
♦ It monetizes the value of carbon locked up in most developing countries' tropical forests, propelling these countries to help mitigate climate change.
♦ The UN Framework Convention on Climate Change (UNFCCC) established REDD+.