The LEAF Coalition was launched on April 22nd by an initial group of governments and leading companies aiming to mobilize at least $1 billion in finance to support tropical and subtropical forest jurisdictions in making substantial reductions in their emissions from deforestation. This group of participants is growing, with new companies and governments able to join in the time leading up to the signing of final agreements by the end of 2021.
Emergent, a US non-profit, is providing a platform to facilitate the transactions to provide finance to these programs, and will serve as LEAF’s administrative coordinator.
Performance will be measured against the TREES standard. TREES is a high-integrity standard building on over a decade of progress in international support for reducing deforestation and ensuring social and environmental integrity. TREES is managed by ART, a voluntary global initiative hosted by Winrock International. ART also maintains the registry on which Emissions Reductions are issued, transferred and retired.
ART is governed by an independent Board of Directors, the members of which represent a diverse group of objective, globally recognized experts.