Finance for Forests Progress on the New York Declaration on Forests Executive Summary - Goals 8 and 9 Assessment Report

The report finds that total 'green finance' for forest emissions reduction (roughly USD 20 billion since 2010) is insufficient and vastly outweighed by 'grey finance'—investments and subsidies that potentially drive deforestation—which totals USD 777 billion. While there is growth in impact investment and results-based REDD+ payments, the report argues that a dramatic shift away from traditional investments in deforestation drivers is required to achieve zero deforestation.

• Total green finance for Goals 8 and 9 is approximately USD 20 billion since 2010, which is considered insufficient given that tropical forests could provide up to 30 percent of the climate change mitigation needed for the Paris Agreement objectives.
• Green finance is marginal compared to 'grey finance' in the land sector, which totals USD 777 billion and includes development finance for agriculture, subsidies in Indonesia and Brazil, and capital stocks in deforestation countries.
• Public international mitigation finance for forestry is low; of USD 167 billion committed for all sectors, only USD 3.6 billion went to forestry, with USD 2.3 billion of that allocated to key deforestation countries.
• Domestic public finance in deforestation countries continues to support drivers of forest loss, with Indonesia and Brazil investing approximately USD 276 billion in subsidies for soy, palm oil, beef, and timber.
• Private sector impact investments for forests in Latin America, Asia, and Africa are estimated at USD 2.7 billion, but this is small compared to the USD 414 billion in private capital stocks for 'business as usual' farming, forestry, and fisheries in deforestation countries.
• Results-based REDD+ finance commitments exceed USD 4.1 billion, with Norway providing the largest disbursement of over USD 1.1 billion in a bilateral agreement with Brazil.

APA

Forest Declaration Assessment (2017). Finance for Forests Progress on the New York Declaration on Forests Executive Summary - Goals 8 and 9 Assessment Report. https://forestdeclaration.org/wp-content/uploads/2021/10/2017NYDFReport_ES.pdf

Chicago

Forest Declaration Assessment. Finance for Forests Progress on the New York Declaration on Forests Executive Summary - Goals 8 and 9 Assessment Report. 2017. https://forestdeclaration.org/wp-content/uploads/2021/10/2017NYDFReport_ES.pdf.

Wikipedia

{{cite report |author=Forest Declaration Assessment |title=Finance for Forests Progress on the New York Declaration on Forests Executive Summary - Goals 8 and 9 Assessment Report |date=October 2017 |url=https://forestdeclaration.org/wp-content/uploads/2021/10/2017NYDFReport_ES.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{forestdeclarationassessment2017finance, author = {{Forest Declaration Assessment}}, title = {{Finance for Forests Progress on the New York Declaration on Forests Executive Summary - Goals 8 and 9 Assessment Report}}, institution = {Forest Declaration Assessment}, year = {2017}, month = oct, url = {https://forestdeclaration.org/wp-content/uploads/2021/10/2017NYDFReport_ES.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }