A recently announced USD 400 million fund could help leverage some of the money needed address deforestation. While urgently needed, such private sector initiatives should not replace other, more established ways of protecting the forest.
Bonds are well known financial instruments for corporations to access large sums of finance. ‘Green bonds’ are a variation designed to finance environmentally focused projects. Ultimately, these instruments could channel the billions of dollars needed to reduce deforestation and encourage sustainable land use.