The Burkinabe government estimates that the country loses just under 110,000 ha of forest cover every year. Drivers of deforestation and forest degradation in Burkina Faso include agricultural expansion, overgrazing of livestock, bush fires, and demand for fuelwood and charcoal. Among other factors, poor forest governance and population growth in rural areas underlie these drivers.
FCPF 2023 Annual Report
The 2023 Annual Report spotlights the groundbreaking emission reductions payments made over the past year to Costa Rica, Côte d’Ivoire, Ghana, Indonesia, and the Lao PDR. Combined with Mozambique’s emission reductions payments to date, Carbon Fund results-based payments now total $53.2 million, with that number expected to increase to at least $300 million in the coming year.