Projects
Green Gigaton Challenge
The Green Gigaton Challenge is a coalition led by UN-REDD, Emergent, the Architecture for REDD+ Transactions, Forest Trends, and the Environmental Defense Fund. By mobilizing public and private results-based finance, the Green Gigaton Challenge will build the visible demand signal needed to unlock the supply pipeline of high-integrity jurisdictional REDD+ emissions reductions.
This global effort seeks to catalyse funds to transact one gigaton of high-quality emissions reductions from forest-based natural climate solutions by 2025 and annually after that.
So just how ambitious is this target?
One gigaton of annual emissions reductions is equivalent to taking 80% of the cars off American roads. Global climate cooperation can enable double the emissions reductions under current Paris pledges for the same cost as countries acting alone, and REDD+ represents the greatest single part of this opportunity. One gigaton per year could enable about twice as many reductions at the same global cost compared to implementing current Paris pledges without international collaboration on REDD+. Together, we can meet this challenge and make a real difference in the fight against climate change.
The Challenge
The Challenge brings together a coalition of public, private and philanthropic partners to channel funds into efforts led by national and subnational governments to arrest deforestation, while helping companies complement, and not substitute, their internal emissions reductions with the purchase of high-integrity carbon credits.