Britain, Norway and the United States said Thursday they would join forces with some of the world’s biggest companies in an effort to rally more than $1 billion for countries that can show they are lowering emissions by protecting tropical forests.
Catrin Einhorn, The New York Times
“Britain, Norway and the United States said Thursday they would join forces with some of the world’s biggest companies in an effort to rally more than $1 billion for countries that can show they are lowering emissions by protecting tropical forests.
The goal is to make intact forests more economically valuable than they would be if the land were cleared for timber and agriculture.”
Companies will not be allowed to participate unless they have a scientifically sound plan to reach net zero emissions, according to Nigel Purvis, the chief executive of Climate Advisers, a group affiliated with the initiative.
“Their number one obligation to the world from a climate standpoint is to reduce their own emissions across their supply chains, across their products, everything,” Mr. Purvis said. He also emphasized that the coalition’s plans would respect the rights of Indigenous and forest communities.
