Major NGOs Unveil Updated Guidance for Companies Navigating Tropical Forest Carbon Credit Market
MÉRIDA, Mexico, Feb. 9, 2023 /PRNewswire/ -- Today, eight major environmental nonprofits and Indigenous Peoples organizations released comprehensive, step-by-step counsel for companies to follow when investing in tropical forest carbon credits to fight climate change. The new guidance is included in the second version of the Tropical Forest Credit Integrity (TFCI) Guide, which was first issued in May 2022. The updated guide was released at the Annual Meeting of the Governors' Climate & Forests Task Force, hosted this year by the government of Yucatán, Mexico.
- The new guidance is included in the second version of the Tropical Forest Credit Integrity (TFCI) Guide , which was first issued in May 2022.
- One option is investing in the voluntary market for tropical forest carbon credits.
- The TFCI Guide outlines four detailed steps to help companies implement the guide's recommendations:
Planning a tropical forest credit portfolio to align with global needs. - With our guidance, companies can have high confidence that their financing contributions will help mitigate climate change by halting tropical deforestation."