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Amazonas-FAS-Marriott Certificate

Brazil made history at the recent GCF annual meeting when the State Secretary of Environment for Amazonas (SEMA), on behalf of the State Government of Amazonas, and the Amazonas Sustainable Foundation (FAS), delivered its first-ever certificate of carbon emissions reduction to the US-headquartered hospitality company Marriott International. 

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GCF members from Brazil, Mexico, and Peru sign Memorandum of Understanding with the Development Bank of Latin America (CAF)

GCF states and provinces across Latin America (Brazil, Mexico, and Peru) signed a landmark Memorandum of Understanding with the Development Bank of Latin America (CAF) at the recent GCF annual meeting in Guadalajara, Mexico. This agreement commits the GCF members and CAF to working together through 2020 to achieve three objectives.

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California Is Considering a Global Approach To Offset Strategies

California’s Cap and Trade Program (AB 32), managed by the Air Resources Board, may soon be able to start allowing companies to meet emission reduction regulations by including rainforest jurisdictions in their offset options. This would allow regulated industries in California to purchase surplus allowances from regions like Acre, Brazil, which are tapping into innovative emission reduction strategies.

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ARB Workshops Promote the Inclusion of Tropical Forest Credits in the California Cap-and-Trade Program

GCF members rallied to support the ongoing effort by California to integrate jurisdictional REDD+ into its greenhouse gas (GHG) compliance system, which is the first such effort in the world. Members from topical forest states and provinces around the world hope to provide critical proof-of-concept for broader efforts to link emissions reductions in tropical forest jurisdictions with existing and emerging GHG compliance markets.

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