During the COP26, the European Commission has announced a €1 billion donation to the Global Forests Finance pledge. This fund will be used to help partner countries to conserve, restore and ensure the sustainable management of forests.

European Commission President Ursula von der Leyen announced €1 billion pledge 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.

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.

COP26: European Commission announces €1 billion pledge to protect world forests