EU pledges €1 billion for sustainable management of forests

02 / 11 / 2021

By Marwa Nassar - -

European Commission President Ursula von der Leyen announced today €1 billion at the 26^th UN Climate Change Conference of the Parties (COP26) in Glasgow as the European Union 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.

President Ursula von der Leyen said “Forests are the green lungs of the earth. We need to protect and restore them. I gladly announce that we are pledging €1 billion to protect world forests. This is a clear sign of the EU’s commitment to lead global change to protect our planet, in line with our EU Green Deal.”

Commissioner for International Partnerships, Jutta Urpilainen, added: “The EU’s contribution pledged today to sustainably manage, restore and protect forests will support sustainable growth and jobs, climate mitigation and adaptation, as well as preservation of biodiversity in our partner countries. The European Union will work in partnerships with governments, civil society, indigenous peoples and private actors, in a multilateral approach, to achieve the Sustainable Development Goals and to put people and planet first. The specific focus on the Congo Basin is a timely message on the importance of this unique area and its ecosystem.”

This pledge is the European Commission’s contribution to the Global Forests pledge made at COP26 by the international community. As a follow-up, 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.