The United States along with Australia, France, Japan, Norway, and the United Kingdom will dedicate a total of $3.5 billion towards reversing deforestation in developing countries. Of the 3.5, the United States will be contributing $1 billion over the next three years. This investment is provided to promote immediate actions in REDD (Reducing Emissions from Deforestation and Degradation) and the United States has already begun working with other countries to ensure proper implementation.
Our President understands the urgency and importance of protecting tropical forests and reducing climate change; he demonstrated that by breaking the stalemate in Copenhagen. The U.S. is essentially ready to “put our money where our mouth is” and with the clean energy and climate legislation, pending in the Senate, the projected amount allocated could grow to 10 billion dollars over three years.
Our Forest Justice Campaign plans to build out action to oversee and ensure successful allocations of the funding. It’s critical that we let our administration know that we expect the U.S. to fulfill their promise of $1 billion towards protecting tropical forests. Stay tuned for action alerts to show your support!