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The summary of the 12th Meeting of the San Giorgio Group (SGG12), convened by the Climate Policy Initiative in March 2026, outlines a strategic framework to accelerate climate-development alignment. The meeting focused on moving from incremental interventions to systemic transformation by leveraging 'relevance, resilience, and resolve' to scale climate finance and improve country-level delivery.

This report by the Climate Policy Initiative and Pontifical Catholic University of Rio de Janeiro maps 30 international financial mechanisms designed to support tropical forests. It identifies a significant funding gap, noting that current mechanisms mobilize US$ 25.9 billion, which is far below the US$ 66.8 billion annually required by 2030 to unlock the full potential of tropical forests.

The 'Transforming forest finance' special report by the Forest Declaration Assessment outlines five priority actions to align the global financial system with forest and sustainable development goals by 2030. It argues that simply increasing funds is insufficient; systemic transformations are required to address the socio-economic and political drivers of deforestation, including the reform of multilateral finance, sovereign debt, harmful subsidies, and financial regulatory frameworks.

This executive summary evaluates global progress toward the 2030 goals of halting and reversing deforestation and forest degradation. It reports that the world is currently off track, with significant gross deforestation and primary forest loss in 2022, despite some regional successes and an increase in tropical reforestation. The document highlights a critical gap in funding, a lack of transparency in data, and the need for a radical transformation of economic models to prioritize long-term forest value over short-term gains from extraction.

The 2022 Forest Declaration Assessment evaluates global progress toward the 2030 goals of halting deforestation and restoring 350 million hectares of degraded land. The report concludes that no global indicator is currently on track to meet these targets, noting that while some regional progress exists, radical transformations in finance, governance, and production are required to shift the global forest trajectory.

The New York Declaration on Forests (NYDF) Endorser Perspectives Report evaluates progress five years after the 2014 launch of the NYDF. Based on consultations with 84 endorsers, the report finds that while many commitments have been made, global deforestation has accelerated by 44% since 2014, and the world is not on track to meet its collective forest goals. The report identifies critical barriers—including weak governance, insufficient finance, and insecure land tenure—and outlines eight key lessons to transition from high-level commitments to measurable implementation.

This executive summary assesses progress toward Goals 8 and 9 of the New York Declaration on Forests (NYDF), focusing on forest finance. It concludes that 'green finance' aligned with forest and climate goals is insufficient and vastly outweighed by 'grey finance'—investments and subsidies that drive deforestation. While some progress is noted in results-based REDD+ payments and impact investing, the report argues that a dramatic shift in investment is required to achieve zero deforestation.