Could 2021 be a turning point for forests and climate change?

The author argues that 2021 is a critical window to scale up forest protection and restoration, specifically through the 'Green Gigaton Challenge'. This initiative proposes a public-private bid for one gigaton of high-quality emissions reductions annually by 2025, starting with a floor price of $10/tCO₂e. The document advocates for results-based finance over traditional input-based aid and supports a jurisdictional approach to REDD+ to ensure environmental integrity and reduce transaction costs for forest countries.

• The Green Gigaton Challenge aims to achieve one gigaton of high-quality emissions reductions per year by 2025, proposing a floor price for forest carbon starting at $10/tCO₂e and increasing gradually to $30/tCO₂e to make conservation an attractive alternative to deforestation.
• Results-based finance is presented as more effective than traditional input-based aid because it allows for larger scale international funding, shares risk with responsible countries, and enables forest countries to choose their own pathways to goals without the conditionality of traditional aid.
• Between 2004 and 2012, Brazil reduced Amazon deforestation by 80%, which lowered emissions by an estimated 3 billion tons CO₂e, though deforestation rose again in 2019 to its highest level since 2008 due to lapsed enforcement and a government hostile to indigenous rights and forest protection.
• The document advocates for a jurisdictional REDD+ approach to ensure social and environmental integrity and suggests that the ART-TREES standard is a strong candidate to simplify the current fragmented landscape of multiple REDD+ standards.

APA

Coello, G. L. R. E. R. L. J. (2021). Could 2021 be a turning point for forests and climate change? World Economic Forum. https://www.weforum.org/stories/nature-and-biodiversity/2021-turning-point-forests-climate-change/

Chicago

Coello, Gabriel Labbate, Rupert Edwards, Ruben Lubowski, Jacinto. Could 2021 be a turning point for forests and climate change? World Economic Forum, 2021. https://www.weforum.org/stories/nature-and-biodiversity/2021-turning-point-forests-climate-change/.

Wikipedia

{{cite press release |last1=Coello |first1=Gabriel Labbate, Rupert Edwards, Ruben Lubowski, Jacinto |title=Could 2021 be a turning point for forests and climate change? |publisher=World Economic Forum |date=19 February 2021 |url=https://www.weforum.org/stories/nature-and-biodiversity/2021-turning-point-forests-climate-change/ |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@misc{coello2021could, author = {Coello, Gabriel Labbate, Rupert Edwards, Ruben Lubowski, Jacinto}, title = {{Could 2021 be a turning point for forests and climate change?}}, publisher = {World Economic Forum}, year = {2021}, month = feb, url = {https://www.weforum.org/stories/nature-and-biodiversity/2021-turning-point-forests-climate-change/}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }