At a meeting on 22 September 2019 in New York, Lee White, who was recently appointed Forestry Minister in Gabon, announced a new US$150 million REDD deal with the Central African Forest Initiative. The meeting marked the fifth anniversary of the New York Declaration on Forests. The money will come, surprise, surprise, from Norway.
A recent report by the Rainforest Foundation UK describes the potential scaling up of the International Finance Corporation’s Forest Bonds programme as “One of the most worrying evolutions of GCF activities in the Congo Basin”.
Last week, six Members of the European Parliament wrote to the California Air Resources Board urging the ARB to reject the proposed California Tropical Forest Standard. In November 2018, the ARB held a public meeting about the proposed Tropical Forest Standard. But the Board failed to reach a decision at that meeting.