As governments step up efforts to strengthen the Paris Agreement at COP26 and tackle the climate emergency, corporate action has never been more critical. Join our webinar and learn how, for the first time, corporations can achieve carbon neutrality, protect tropical rainforests, and directly support the global climate agreement.
Formalized in Article 5 of the Paris Agreement, the Reducing Emissions from Deforestation and Degradation (REDD+) Mechanism was designed to "slow, halt and reverse forest cover and carbon loss" globally. The initiative has led to sequential declines in emissions and helped protect over 90% of the world's tropical rainforests for over two decades.
Previously only available through the UNFCCC to governments and multilateral banks, Paris Agreement-verified rainforest carbon credits can now be purchased directly from countries by corporations, institutional investors, and consumers. In March this year, Papua New Guinea was the first country to join a new trading platform called REDD.plus when it onboarded 9 million metric tons of carbon reductions. These credits will be followed by over 110 million tonnes from Belize and Gabon in the next twelve months.