Combatting Global Deforestation Act of 2024

senate

house

president

Legislation Details

Establishes a Verified International Forest Ecosystem Services Conservation Program to enhance efforts in halting terrestrial ecosystem degradation and loss.
Provides contingent outcome-oriented assistance for eligible projects in partner developing countries to incentivize conservation and restoration.
Defines key terms such as “deforestation,” “eligible project,” “emissions reductions,” and “nature-based solution.”
Identifies countries of concern that may negatively impact conservation efforts.
Requires the Secretary of State to develop criteria and guidelines for implementing the program.
Encourages partnerships with local governments, indigenous communities, and NGOs in partner developing countries.
Mandates measurable results and independent verification for projects receiving assistance.
Establishes a trust fund for financing the program, with specific appropriations for fiscal years 2024-2027.
Emphasizes the importance of transparency, accountability, and the involvement of local stakeholders in project development and implementation.
Allows for the inclusion of private sector partners and encourages leveraging additional funding from non-governmental sources.
Requires periodic reviews and public reporting on the progress of funded projects.
Authorizes technical assistance to build capacities in partner developing countries for better conservation and management of natural resources.

Establishes a Verified International Forest Ecosystem Services Conservation Program to enhance efforts in halting terrestrial ecosystem degradation and loss.
Provides contingent outcome-oriented assistance for eligible projects in partner developing countries to incentivize conservation and restoration.
Defines key terms such as “deforestation,” “eligible project,” “emissions reductions,” and “nature-based solution.”
Identifies countries of concern that may negatively impact conservation efforts.
Requires the Secretary of State to develop criteria and guidelines for implementing the program.
Encourages partnerships with local governments, indigenous communities, and NGOs in partner developing countries.
Mandates measurable results and independent verification for projects receiving assistance.
Establishes a trust fund for financing the program, with specific appropriations for fiscal years 2024-2027.
Emphasizes the importance of transparency, accountability, and the involvement of local stakeholders in project development and implementation.
Allows for the inclusion of private sector partners and encourages leveraging additional funding from non-governmental sources.
Requires periodic reviews and public reporting on the progress of funded projects.
Authorizes technical assistance to build capacities in partner developing countries for better conservation and management of natural resources.