(02 November 2021) – European Commission President Ursula von der Leyen announced today €1 billion at the COP26 in Glasgow as the EU contribution to the Global Forests Finance Pledge.
This 5-year support package from the EU budget will help partner countries to protect, restore and sustainably manage forests worldwide and deliver on the Paris Agreement.
The EU will work with partner countries to conserve, restore and ensure the sustainable management of forests in a comprehensive and integrated way.
Within the €1 billion pledged today, €250 million will go to the Congo Basin, covering eight countries (Cameroon, Central African Republic, Democratic Republic of the Congo, Republic of the Congo, Equatorial Guinea, Gabon, Burundi and Rwanda) to protect the world’s second largest tropical rainforest region while improving livelihoods for its populations.