FAAF
Newsletter
vol 5. 2025 Q1
| |
|
|
It has been one year since we launched the FAAF Newsletter. We have come this far thanks to your interest and support and we extend our sincere gratitude. To mark our first anniversary, we have redesigned the newsletter to deliver stories in a more reader-friendly and engaging format.
We will continue striving to make the FAAF Newsletter an informative and easy-to-understand source of updates on forestry and international ESG trends.
Thank you for being with us and we look forward to sharing even more exciting news in the next quarter.
Sincerely,
AFoCO Secretariat
❗Tip❗ Click the 🔗 to read each news item in more detail |
|
|
▶ On February 4, the Government of Viet Nam approved a carbon market development plan for establishment and operation of a national carbon market by 2028 🔗
▶ On February 19, Indonesia and Norway agreed to strengthen climate and forest cooperation through a USD 216 million Result-Based Contribution (RBC) funding mechanism by 2030🔗
▶ On February 21, the Government of Mongolia and the United Nations Convention to Combat Desertification signed an agreement to host the 17th Conference of Parties (COP17) in Ulaanbaatar in 2026🔗
▶ On March 6, indigenous leaders of Palawan Island in the Philippines signed an historic agreement to launch the country’s first community-owned forest carbon project 🔗
▶ On March 13, Tajikistan and Kyrgyzstan finalized their border after decades of disputes, reopening closed roads🔗
▶ On March 21, the Philippine Department of Environment and Natural Resources officially launched the Forests for Life initiative, aiming to plant 5 million trees by 2028 to absorb about 3.5 million tonnes of carbon 🔗 |
|
|
▶ On January 23, ESG Today reported that Microsoft agreed to purchase 6.5 million tonnes of carbon credits generated through forest projects from re.green, a climate solution startup 🔗
▶ On February 4, the LEGO Group committed to investing DKK 19 million (approximately USD 2.8 million) in carbon removal projects, such as biochar and reforestation 🔗
▶ On February 12, Chestnut Carbon, a nature-based carbon removal startup, raised USD 160 million from the Canada Pension Plan Investment Board🔗 and signed a deal to supply over 7 million tonnes of carbon credits to Microsoft over 25 years🔗
▶ On February 14, Carbon Herald reported that Amazon, ExxonMobil and Microsoft are adopting AI-based verification and establishing a 17-member independent panel to enhance trust and transparency in voluntary carbon markets 🔗
▶ On March 6, Climate Impact Partners announced that Microsoft will purchase 1.5 million tonnes of carbon credits from a 30-year afforestation project in India 🔗
▶ On March 11, according to UNDP, nature finance is rapidly expanding owing to advances in AI technologies and increased participation from private capital, such as private equity funds and venture capital 🔗
▶ On March 12, IISD reported that the expansion of international carbon markets under Article 6.4 of the Paris Agreement is accelerating deal proposals and private sector financing is expected to play a pivotal role in the mechanism’s success 🔗
▶ On March 18, Nature4Climate stated that nature-based solutions could contribute up to 30% of required carbon emission reductions by 2035 🔗 |
|
|
2024 Voluntary Carbon Market Summary & 2025 Outlook🔗🔗🔗🔗
▶ In 2024, the voluntary carbon market experienced stagnation amid tightening regulations and rising quality standards. Meanwhile, interest grew in nature-based and carbon removal projects. Key changes included the implementation of the Core Carbon Principles, the launch of Carbon Offsetting and Reduction Scheme for International Aviation, and progress on Paris Agreement Article 6.4. Preference shifted toward afforestation, reforestation, and revegetation projects, while trust in REDD+ declined. Investment also increased in long-term removal technologies, such as biochar, and companies are responding through offtake agreements and new ‘low-carbon’ strategies. In 2025, restoring market reliability, securing high-quality credits, and integrating with compliance markets are expected to be key issues.
The Year in Tropical Rainforests: 2024 🔗
▶ Various changes in tropical forest conservation and deforestation were observed in 2024. While some regions showed positive progress, structural challenges and emerging threats remained. A final comparison of annual forest loss is not yet available. However, despite wildfires, the pace of forest loss may be slowing, particularly owing to decreasing deforestation in the Brazilian Amazon. This analysis reviews the major political, environmental and economic trends affecting tropical forests in 2024.
|
|
|
Mekong REDD+ Project: Water is Life for Forest Island Villagers
▶ Since 2024, AFoCO has been implementing a carbon project with Woori Bank in the Choampich Forest of Cambodia. Recently, a solar water pump was installed in the village of Koh Sneang and local residents can now access safe and clean water.
|
|
|
A Stroll among the Wildflowers of My Heart: White Forsythia, an Endemic Plant Species Foudn Only in Korea
▶ Did you know that there is a plant called the Abeliophyllum, also known as the ‘white forsythia’, that grows only in Korea? Although it now thrives in gardens across the United States, having been introduced over 100 years ago, how much do we truly know about it and how close is it to our daily lives here in Korea?
➔ Discover the story of the Abeliophyllum (Click here)
|
|
|
▶ AVPN Northeast Asia Summit (2025.04.23, Japan) ▶ International Conference on Mountain Ecosystem (2025.04.24-25, Kyrgyzstan) ▶ United Nations Forum on Forests 20 (2025.05.05-09, United States) ▶ AFoCO Special Assembly (2025.05.13-14, Mongolia) ▶ International Year of Glaciers' Preservation 2025 (2025.05.29-06.01, Tajikistan) ▶ Mid-Year Conference and Exhibition (MYCE) 2025 (2025.06.16-18, Brunei Darussalam) |
|
|
Asian Forest Cooperation Organization (AFoCO) E-mail. contact@afocosec.org Tel. +82-2-785-8971 |
|
|
|
|