Amazon, Unilever, and Nestlé join the UK, US and Norway in New $1Billion Initiative to Preserve Tropical Rainforests
This week, during the international Climate Summit, three governments and nine giant corporations announced a groundbreaking coalition, called LEAF, which is mobilizing to raise at least $1 billion this year, alone, for large-scale forest protection and sustainable development.
The coalition already includes the governments of the UK, US, and Norway, and international companies, including Airbnb, Amazon, Bayer, GlaxoSmithKline, Nestle, and Unilever.
Known as LEAF, for Lowering Emissions by Accelerating Forest finance, the global initiative represents by far the single largest private-sector investment to protect tropical forests.
The goal is for governments, businesses, and NGOs to pay for high-quality emissions…