UNEP-WCMC Impact Report

Image: AdobeStock / 108800993

New research that we produced in collaboration with partners in the UN-REDD Programme and the Green Gigaton Challenge showed that the world is far from being on track to achieve the goals of ending and reversing deforestation by 2030. For the 1.5°C Paris Agreement goal to remain within reach, a one gigaton milestone of emissions reductions from forests must be achieved no later than 2025 and must then be followed by the same amount every year thereafter.

The report, released during the climate COP27, shows that funding pledges for government-led emissions reductions are only at 24 per cent of the Green Gigaton Challenge target. With action on forests recognized as a crucial component of climate change mitigation, the report calls for urgent action to review forest financing incentives and mechanisms. It also calls for an increase in the minimum price for forest carbon, and inclusive access to funding that focuses on women’s organizations. A key reason for this is the discrimination and exclusion from decision-making processes that women and girls experience. Their contributions are important but often overlooked. To address this, capacity building to access carbon finance is needed for women, Indigenous Peoples and local communities.

In collaboration with the UN REDD programme, we are now providing technical and capacity-building
support to help countries access results-based payments for successful emissions reductions.