What is a Climate Smart Forest Economy?
A Climate Smart Forest Economy refers to the usage of forest products in circumstances where this provides net climate benefits while meeting social and ecological safeguards.
Building a Climate Smart Forest Economy offers an economic incentive that could protect, maintain, and manage forests, while assigning greater value to forests, creating further incentives for restoration and reforestation. It offers an opportunity to decarbonize sectors that interface with forests through their value chains, such as construction. In addition to positive climate outcomes, this can result in substantial social and economic benefits.
The Climate Smart Forest Economy Program (CSFEP) is a collaborative initiative from EIT Climate-KIC, World Economic Forum, and the World Resources Institute, with seed funding from Good Energies Foundation. It also counts on independent scientific council from The Nature Conservancy, and support from Dalberg Catalyst.
We are part of a global movement or organizations that are scaling climate smart biobased economies.
Our mission is to generate and disseminate knowledge, inspire and raise ambition of stakeholders, and support initiatives that demonstrate how the Sink, carbon Storage, and fossil-carbon Substitution (3S) functions of forests and forest products can be maximized for enhanced climate, social and economic benefits.
CSFEP’s initial focus is the building and construction sector and its sourcing practices, where increasing the use of sustainable forest products could rapidly decarbonize construction, while creating carbon sinks in cities.
WE ARE WORKING WITH SYSTEM ACTORS TO SUPPORT FOREST-TO-FRAME VALUE CHAINS TO BECOME CLIMATE SMART
GALVANIZE A MOVEMENT
Support the movement by determining the right carbon balance through knowledge generation, demonstrating through on-the-ground initiatives, and incentivizing actors through convenings
BOOST DEMAND FOR SUSTAINABLE FOREST PRODUCTS
Improve the understanding of the benefits and challenges of the use of forests and forest products, and promote the enabling environment for sustainable forest products
Provide economic incentives for individuals, communities and companies to improve and restore forests by overcoming constraints to supply and long-term management