Life On Earth || Blog No:10
FINANCE AND INCENTIVIZE SUSTAINABLE FOREST MANAGEMENT Mobilize significant resources from all sources and at all levels to finance sustainable forest management and provide adequate incentives to developing countries to advance such management, including for conservation and reforestation. Forests provide oxygen, clean water, and a variety of other essential services. But responsibly and sustainably managing them requires financing. UN SDG 15.B aims to finance and incentivize sustainable forest management. This includes providing financial resources to support sustainable forest management practices, as well as creating incentives for businesses and individuals to engage in sustainable forest management. Important lessons learned from the development of payments for environmental services. • Finding willing buyers is almost always the most important step in developing payments for environmental services. • Credible and reliable governance and institutiona...