As the world works to reverse/restrict the harmful impact of deforestation, the Collaborative Partnership on Forests (CPF) has signed a new collaboration partnership.

The Green Climate Fund (GCF), one of the world’s largest providers of forest finance, has joined the CPF in a bid to end deforestation and ensure the sustainable management of forests and trees.

The collaboration comes at an opportune time when the world is rapidly being depleted of its forest cover. The impact is not just on the wildlife and local indigenous people. The negative outreach spans across continents as a result of climate change and global warming. Tropical deforestation and unsustainable forest management contribute nearly 13 percent of the annual global net carbon emissions. Forest fires, heatwaves, melting glaciers, and rising sea levels bear testimony to the neglect or unscrupulous use of their resources. Forest destruction will also have a bearing on the Paris Agreement and the UNSDGs.

The partnership is the driving force for the implementation of the international forest agenda, providing technical and policy guidance and spearheading a coherent effort to meet global forest goals, GCP said in a press release.

“Sustainable forest and land use management are essential to avert catastrophic climate change, preserve biodiversity and create new sources of livelihoods. GCF is delighted to be joining the Collaborative Partnership on Forests to strengthen and deepen our engagement in this critical area. There are many barriers to financing forest conservation, sustainable use,d restoration efforts. GCF supports its partners in overcoming these barriers through policy development and de-risking the first application of new climate solutions to establish a successful track record and catalyze finance at scale,” said Yannick Glemarec, Executive Director of the Green Climate Fund.