International Update Volume 47, Issue 35
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<p>At the "One Planet" summit, two years after the Paris Agreement, there will be a focus on how public and private financial institutions can mobilize more money to address climate change. This focus is a result of the United States pulling out of the Agreement, leaving a $2 billion funding gap in the Green Climate Fund. Funding is not on track, with developing countries noting that the richer countries have not met funding goals that would allow them to switch from fossil fuels.

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<p>Annually, Norway makes payments to Brazil as part of a long-term program to curb loss of the Amazon rainforest to slow global warming. The main causes of forest loss are logging and making way for farms. Last year, Norway paid around $40 million to Brazil, a reduction of about 60% in the period from 2009 to 2016: the more deforestation, the less Brazil gets paid. Officials say that initial figures are showing that deforestation is slowing which would result in an increase in payment.

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<p>The Nigerian government announced its plans to restore nearly 10 million acres of degraded lands. It is now one of 26 countries in Africa that have committed to restoring collectively more than 200 million acres of land as part of the African Forest Landscape Restoration Initiative. The restoration of degraded forests and other landscapes was found to have the most climate mitigation potential of 20 natural climate strategies examined for a recent study.

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