Dutch Fund for Climate Development invests in forestry management to address climate change

Road through forest

The Dutch Fund for Climate Development (DFCD) Investment Committee has approved a EUR 250,000 grant and a Euro 160,000 SNV technical assistance package for Forest Carbon on July 9, 2020.

This funding is expected to lead to 71,000 hectares of sustainably managed forests and wetlands. In addition, mitigate 1.8 million tons of greenhouse gas emissions per year, protect biodiversity, create jobs for 500 local people and positively impact the lives of 12,000 people.

Forestry management is an important tool in addressing climate change adaptation. Well managed landscapes can reduce the potential for forest fires, which are major greenhouse emission events.

The DFCD’s development finance support to Forest Carbon is expected to contribute to climate change adaptation in accordance with the Paris Agreement and the United Nations Framework Convention on Climate Change (UNFCCC).

About the DFCD

The Dutch Fund for Climate and Development (DFCD) enables private sector investment in projects aimed at climate adaptation and mitigation in developing countries. The Dutch Ministry of Foreign Affairs has made available €160 million to increase the resilience of communities and ecosystems most vulnerable to climate change.

The DFCD is managed by a pioneering consortium of Climate Fund Managers (CFM), Worldwide Fund for Nature Netherlands (WWF-NL) and SNV Netherlands Development Organisation, led by the Dutch Entrepreneurial Development Bank, FMO. For more information, please visit: www.thedfcd.com

About Forest Carbon

Forest Carbon restores degraded wetland ecosystems. The company is a premium restoration project developer in Southeast Asia that delivers benefits for community and planet through a proven business model.

Forest Carbon has built a team with a track record of success and a decade of experience, from mapping wetlands and assessing below-ground carbon storage, to hiring local workers and obtaining community support. Forest Carbon relies on this technical expertise and a growing pipeline of project opportunities to secure private sector investment for threatened ecosystems.

Forest Carbon has raised over 5 million Euro in investment capital for the Sumatra Merang Peatland Project, which is now a proven model for large-scale tropical peatland restoration. The project supports long-term biodiversity and climate outcomes through restoration efforts that cover more than 22,000 hectares. The project also strengthens a rural economy, creates jobs and delivers returns for investors and partners.

Please click here to see the disclosure document.

For more information about this project, contact:

Forest Carbon: Mr. Jeff Chatellier, j.chatellier@forestcarbon.com
The Dutch Fund for Climate and Development: Mr. Alex Downs, adowns@snv.org