202. Emergent and ART: A new structure for scaling finance for tropical forest protection: 10:15am – 11:15am
Event time: 10:15am — 11:15am
Location: Madison Hub South, Convene, 101 Park Avenue
Event organizer: EDF, NICFI, Climate and Forest Capital, Meridian Institute
Despite universal agreement on the essential role of tropical forests in achieving the goals of the Paris Agreement, they are being lost at alarming rates. We urgently need to mobilize capital to stop deforestation and forest degradation. Protecting and restoring tropical forests can contribute up to one-third of the climate results the world needs over the next two decades.
Launching on the heels of the UN Climate Action Summit, the Emergent Forest Finance Accelerator aims to catalyze and accelerate new capital flows into tropical forest protection and restoration globally. Creating durable, large-scale economic incentives for forest protection through voluntary and compliance markets can play a central role in supporting efforts by governments, private companies, and communities to reduce tropical deforestation.
Emergent will provide a reputable and trusted means for large corporations and other buyers to easily access credits from jurisdictional level forest protection programs that meet the highest environmental and social standards. Emergent will rely on the newly formed Architecture for REDD+ Transactions (ART) to assure the quality of the credits. ART will provide a rigorous standard and comprehensive process to transparently register, verify and issue emission reduction credits that will be fungible in carbon offset markets.
The panel will include representatives from Emergent and ART, with additional expert panelists to be confirmed.