The LEAF Coalition exceeded its target of mobilizing $1 billion in financing. Today, being Finance Day at COP26, Teresa Hartmann, Climate and Nature Lead, at the World Economic Forum, comments on how the initiative is on track to become one of the largest ever public-private efforts to support sustainable development.
“We are seeing finance headlines that were unimaginable a few years ago. This week alone we have seen $130trn committed to reach net zero and $3bn for sustainable agricultural production. These are important steps towards closing the nature and climate financing gaps.
The LEAF Coalition is designed to accelerate climate action by providing results-based finance to countries committed to protecting their tropical forests. It will serve as a catalyzing force to amplify private capital at scale, sending a confident signal for more companies to move beyond individual efforts, to align with global action”, according to World Economic Forum.
| investESG.eu is an independent and neutral platform dedicated to generating debate around ESG investing topics. All opinions expressed are those of the author or contributing source.