KFS, Climate Finance and Private Investment with Forest Cooperation in Asia

The Korea Forest Service (KFS) participated in the 4th Friends of Asia and Asian Forests (FAAF) Forum, held by the Asian Forest Cooperation Organization (AFoCO) in Seoul, to discuss expanding public-private cooperation for forest restoration and climate change response in Asia. The forum, attended by about 150 people, including officials from KFS and AFoCO, representatives from the Green Climate Fund, the World Bank, domestic and international companies and financial institutions, and AFoCO Member Countries, focused on turning discussions on public-private cooperation in forestry into actual investment and project development.

The forum explored new financing approaches, including blended finance that combines international climate finance and private capital, and ways to increase the participation of companies and financial institutions in forest restoration projects in Asia.

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