May 7

Congo: REDD+ to Reduce CO2 Emissions and Preserve Forests

By Jean Marie Takouleu

Congo has just signed an agreement with the World Bank’s Forest Carbon Partnership Facility (FCPF). The FCPF is committing $41.8 million to reduce carbon emissions and preserve forests.

Through its forests, the Congo is a vital global carbon stock and home to an equally important biodiversity. In this country, located in the heart of the world’s “second green lung”, forests also play an important role in the national and household economies. According to the World Bank, Congo has the third largest area of tropical rainforest in Africa, and 80% of it is unprotected.

The recent agreement signed between Congo and the World Bank’s Forest Carbon Partnership Facility (FCPF) aims to release $41.8 million to finance the reduction of CO2 emissions from deforestation. FCPF support will also help reduce forest degradation and increase carbon sequestration through the Reducing Emissions from Deforestation and Forest Degradation (REDD+) scheme.

Photo courtesy of mad mags.

Source: Afrik21 (link opens in a new window)

Environment, Investing
climate change, ESG, forests, impact investing, partnerships