Forest carbon deal in Costa Rica is a first for LEAF Coalition, but demand is slow
The LEAF Coalition, launched by Norway, the United Kingdom, and the United States and a group of blue-chip companies in 2021, aimed to rapidly raise billions of dollars in tropical forest financing. For five years, there were no transactions. Now, Costa Rica has crossed the finish line, but demand is slow. Less than half the credit volume has so far been sold to PricewaterhouseCoopers and Bayer. The rest is being bought by a guarantee mechanism financed by Norwegian aid.
