Any increase in financial commitments for sustainable forest management and forest conservation and restoration is a welcome development that points to current levels of ambition on reaching forest goals. It is essential, however, that these commitments are put into practice and do not simply remain a “promise.” Public disclosures and reporting are also essential for measuring progress made against commitments, but these are not available for all pledges.
Of the USD 28.9 billion in international forest finance committed between 2021 and 2025, as of October 2023, just over USD 5.7 billion has been disbursed. Half of the pledges are reported to be on track, but the remainder are not on track or have no progress reports available.
Any increase in financial commitments for sustainable forest management and forest conservation and restoration is a welcome development that points to current levels of ambition on reaching forest goals. It is essential, however, that these commitments are put into practice and do not simply remain a “promise.” Public disclosures and reporting are also essential for measuring progress made against commitments, but these are not available for all pledges.
Of the USD 28.9 billion in international forest finance committed between 2021 and 2025, as of October 2023, just over USD 5.7 billion has been disbursed. Half of the pledges are reported to be on track, but the remainder are not on track or have no progress reports available.