Forest Resilience Finance
Issue: The world’s temperate forests act as an important carbon sink, absorbing 34% of global carbon accumulation in intact forests and 65% of the global net forest carbon sink. Recent indications are that temperate forests and trees are beginning to show signs of climate stress, including a reversal of tree growth enhancement in some regions; increasing tree mortality; and changes in fire regimes, insect outbreaks, and pathogen attacks. To counteract these trends and to help forest ecosystems to adapt to the changing climate, it is key that sustainable management and protection of forests today includes ‘near to nature forest management measures’ that strengthen the adaptive capacity of the forest.
Parhelion’s solution: As co-author of this report, Julian Richardson (CEO & founder of Parhelion) worked on this study commissioned by the Government of Switzerland, Federal Office for the Environment (FOEN) to accompany a discussion and side event on Forest Adaptation Finance at UNFCCC COP 24. It is hoped that adoption of the report’s recommendations will help forests adapt to climate change.