During the 26th United Nations Climate Change Conference in 2021, known as COP 26 that took place in Glasgow, Scotland, five European countries, the United States and 17 funders invested $1.7 billion towards Indigenous peoples and local communities (IPLCs). They pledged to protect biodiversity in forests around the world by 2025.
National and local philanthropic funding is also increasing as people realize the double benefit to the climate resulting from both reducing emissions from forests and protecting carbon sinks. One of the biggest obstacles to these funds being released is the shortage of quality projects that meet the social and ecological criteria of the organizations who receive these monies in return for permanent protection.
Nations that provide donor-ready society status and have created long-term stewardship plans can access philanthropic funding directly and that can fund transition economies, e.g., Coast Opportunity Fund.