Corporates join forces around, UK and Norway to save lots of tropical rainforests
25 April, 2021
Companies such as for example Salesforce, Airbnb, Unilever and Amazon have teamed up with the governments of the US, the united kingdom and Norway to improve $1 billion to protect the world’s tropical rainforests.
The public-private alliance, called Leaf Coalition, will benefit billions of men and women all over the world who rely upon the rainforests. Others in the group include Bayer, Boston Consulting Group, McKinsey, GlaxoSmithKline, and Nestle.
“Climate change is the foremost threat to your planet, and the Leaf Coalition offers us an opportunity to bring together governments and companies to fight it,” Jeff Bezos, Amazon founder and leader, said.
“In uniting behind a common cause, the countries and companies of the coalition have a chance to end deforestation by 2030. We are excited to aid this important initiative and encourage others to accomplish the same,” he added.
In October 2019, Amazon co-founded The Climate Pledge initiative to inspire organisations to attain net-zero twelve-monthly carbon emissions by 2040, a decade prior to the Paris Agreement’s 2050 goals. In June this past year, it also rolled out a Climate Pledge Fund, with a short funding of $2bn to purchase sustainable technologies and services.
The Leaf, formally the lowering emissions by accelerating forest finance, aims to add additional countries and companies in the coming months. It is made to accelerate climate action by giving results-based finance to countries focused on protecting their tropical rainforests.
The funds will be mobilised to finance various climate activities globally which coalition is likely to become among the largest ever public-private efforts to safeguard tropical forests and support sustainable development, Amazon said.
"The Leaf Coalition is a ground-breaking exemplory case of the scale and type of collaboration that is had a need to fight the climate crisis and achieve net-zero emissions globally by 2050,” John Kerry, US President Joe Biden’s special presidential envoy for climate, said in a statement.
“Bringing together government and private-sector resources is a required step in supporting the large-scale efforts that must be mobilised to prevent deforestation and begin to restore tropical and sub-tropical forests," added Mr Kerry.
The existing participants of Leaf can pay for high-quality emissions reductions from tropical and sub-tropical forest countries, supporting efforts to reduce and end deforestation. Emergent, a US non-profit company, can help facilitate transactions and serve as the administrative coordinator.
Source: www.thenationalnews.com