Video: COP29: Solving the Forest Finance Puzzle in the Paris Agreement Era

Held on 14 November 2024 at the Forest Pavilion during COP29 in Baku, Azerbaijan, this high-level side event convened global leaders and experts to address the urgent need to scale up forest finance. Co-organized by the Asian Development Bank (ADB), the National Forestry and Grassland Administration of the People’s Republic of China, and the International Sustainable Forestry Coalition (ISFC), the session explored innovative financial instruments, enabling legal and policy environments, and multi-stakeholder partnerships essential to mobilizing public and private investment in forests.

The session explored innovative financial instruments, enabling legal and policy frameworks, and multi-stakeholder partnerships critical to mobilizing public and private investment in forests. Through dynamic panel discussions and a culminating roundtable, speakers examined the key components of the forest finance ecosystem, from public finance and institutional investors to development banks and philanthropic coalitions.

The event underscored the pivotal role of law and policy reform in unlocking sustainable investment flows and achieving the Global Forest Goals under the Paris Agreement. Watch the full video to gain insights into the legal, institutional, and financial mechanisms needed to close the USD 450 billion annual forest finance gap and accelerate climate action, biodiversity conservation, and resilient livelihoods.