Forest cover represents about half of CAR’s total land area. The country’s increasing rate of deforestation and forest degradation has been attributed to several main drivers, including unsustainable livestock farming, slash-and-burn agriculture, informal and uncontrolled logging and collection of fuelwood and non-timber forest products, and infrastructure development.
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.