Recent international financial commitments, most of which were made at COP26 in Glasgow in 2021, demonstrate increases in ambition to meet 2030 goals for sustainable forest management and forest conservation and restoration.  Pledges accounted for in this indicator include the Lowering Emissions by Accelerating Forest (LEAF) Coalition (2021); The Congo Basin Pledge (2021); Finance Sector Deforestation Action (FSDA) initiative (2021); Global Forest Finance Pledge (2021); IPLC Forest Tenure Pledge (2021); Innovative Finance for the Amazon, Cerrado, and Chaco (IFACC)(2021); Forest, People, Climate (FPC) (2022); and The Libreville Plan (2023).  
The pledges by governments, financial institutions, companies, and foundations amount to USD 28.9 billion between 2021 and 2025, equating to an average additional USD 5.8 billion in finance for forests per year. This represents a significant increase in forest finance commitments compared to the previous decade.  
However, it is not yet clear whether these finance pledges are additional to one another; as such, the overall pledge total may be an overestimation. For instance, the progress report for the IPLC Forest Tenure Pledge noted that the same finance contributions are likely being counted towards three pledges simultaneously: its own, the Global Forest Finance Pledge, and the Congo Basin Pledge. 

Recent international financial commitments, most of which were made at COP26 in Glasgow in 2021, demonstrate increases in ambition to meet 2030 goals for sustainable forest management and forest conservation and restoration.  Pledges accounted for in this indicator include the Lowering Emissions by Accelerating Forest (LEAF) Coalition (2021); The Congo Basin Pledge (2021); Finance Sector Deforestation Action (FSDA) initiative (2021); Global Forest Finance Pledge (2021); IPLC Forest Tenure Pledge (2021); Innovative Finance for the Amazon, Cerrado, and Chaco (IFACC)(2021); Forest, People, Climate (FPC) (2022); and The Libreville Plan (2023).  
The pledges by governments, financial institutions, companies, and foundations amount to USD 28.9 billion between 2021 and 2025, equating to an average additional USD 5.8 billion in finance for forests per year. This represents a significant increase in forest finance commitments compared to the previous decade.  
However, it is not yet clear whether these finance pledges are additional to one another; as such, the overall pledge total may be an overestimation. For instance, the progress report for the IPLC Forest Tenure Pledge noted that the same finance contributions are likely being counted towards three pledges simultaneously: its own, the Global Forest Finance Pledge, and the Congo Basin Pledge.