UK Unveils Funding Boost to Help Forest Nations Fight Climate Change
London, November 22, 2024 – The United Kingdom has announced a significant funding boost to support forest nations in their efforts to combat climate change. The funding will be used to protect and restore forests, promote sustainable land management practices, and support efforts to reduce emissions from deforestation and forest degradation.
The funding boost was announced by Prime Minister Rishi Sunak at the COP27 climate summit in Egypt. Sunak said that the UK is “committed to working with our partners to tackle the climate crisis and protect our planet.”
The funding package includes:
- £500 million for the REDD+ (Reducing Emissions from Deforestation and Forest Degradation) program, which supports developing countries in their efforts to reduce emissions from deforestation and forest degradation.
- £200 million for the Forest Carbon Partnership Facility (FCPF), which provides funding for forest conservation and sustainable land management projects in developing countries.
- £100 million for the Tropical Forest Alliance 2020, a global partnership that supports sustainable forest management.
The UK government said that the funding will help to protect and restore forests, promote sustainable land management practices, and support efforts to reduce emissions from deforestation and forest degradation. Forests are a vital part of the global climate system, absorbing carbon dioxide from the atmosphere and releasing oxygen. They also play a key role in providing habitat for wildlife, protecting watersheds, and supporting livelihoods.
The funding boost was welcomed by environmental groups. Greenpeace UK said that the funding is “a step in the right direction” and that it will help to protect forests and fight climate change. The World Wildlife Fund (WWF) said that the funding will “make a real difference” in the fight against climate change.
The UK government said that the funding is part of its commitment to reach net zero emissions by 2050. The government said that it is working with its partners to protect forests and fight climate change.
UK unveils funding boost to help forest nations fight climate change
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