JUST RELEASED: Progress on the New York Declaration on Forests – Finance for Forests Goals 8 and 9 Assessment Report

JUST RELEASED: Progress on the New York Declaration on Forests – Finance for Forests Goals 8 and 9 Assessment Report

Climate Focus, on behalf of the New York Declaration on Forests (NYDF) Assessment Partners (formerly NYDF Assessment Coalition) is pleased to announce the release of the third annual NYDF Progress Assessment. The NYDF is a ten-goal, voluntary political declaration to end forest loss by 2030. The NYDF Progress Assessment consists of (1) an in-depth report looking at progress on a selected goal (or set of goals) and (2) brief updates on all the goals.

This year’s assessment focused on Goals 8 and 9 – the finance goals. Goal 8 calls for supporting the development and implementation of strategies to reduce forest emissions, and Goal 9 encourages rewarding countries and jurisdictions that, by taking action, reduce forest emissions. It draws on, consolidates, and interprets data from various initiatives by leading think tanks and research organizations engaged in tracking finance related to forests, reducing emissions from deforestation and degradation, and the sectors driving deforestation such as the OECD-DAC database, FAOSTAT, Climatefundsupdate.org, and Forest Trends’ REDDX Initiative. While the report provides a limited picture of the state of finance aligned with forest and climate goals, clear messages emerge such as the need for an increase in and shifting of finance from traditional to sustainable investments, as well as more coordinated and strategic approaches.

The 2017 Goals 8 and 9 Assessment Report is being presented at the press briefing at the Royal Society in London on October 24th and various events throughout the 2017 UNFCCC Conference of the Parties in Bonn. Please contact i.schulte [at] climatefocus.com (i.schulte [at] climatefocus.com) for more information.

NYDF Assessment Partners include: CDP, Chatham House, Climate Focus, Environmental Defense Fund (EDF), Forest Trends, Global Alliance for Clean Cookstoves (GACC), Global Canopy Programme (GCP), International Union for Conservation of Nature (IUCN), Rainforest Alliance, Stockholm Environment Institute (SEI), The Nature Conservancy (TNC), The Sustainability Consortium (TSC), Woods Hole Research Center (WHRC), World Resources Institute (WRI), and the World Wildlife Fund (WWF-US). The 2017 NYDF Goals 8 and 9 Report was also advised by the Overseas Development Institute.

The 2017 Goals 8 and 9 Report and brief updates on all ten goals are accessible and available for download at forestdeclaration.org.

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