Title: U.S. Government, Althelia Climate Fund Mobilize $133.8 Million for Forest Conservation and Alternative Livelihoods

Language: English

Type: Blog/Article

Nature: Government Website

Published: May 28, 2014


Region: North America

Country: United States

Topic: Emission Reduction Program

Keywords: Emission Reduction Program

Document Link(s):


Document Summary:

This archived webpage provides news related to Althelia Climate Fund.


Document Details:

The U.S. Agency for International Development (USAID) announced its support for the Althelia Climate Fund to lend up to $133.8 million in commercial financing for forest conservation and sustainable land use, helping to remove 100 million tons of carbon—the equivalent of 18.5 million cars—from our atmosphere. The announcement was made by Secretary of State John Kerry via video message at the Carbon Expo in Cologne, Germany. Through its Development Credit Authority, USAID will offer a new risk-sharing loan guarantee that will enable Althelia, the first private sector fund dedicated to forest conservation at this scale, to finance hundreds of forest-based businesses in developing countries that rely on sustainably managed land use for their livelihoods.


Updated: January 11, 2024

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    Watch this space.  Unlocking Global Emission Reduction Credit is intended to be a living document and will be reviewed at regular intervals. Check the page below or download the following reports: Strategic Guidance for Country System Assessments and Guidance for Countries in Assessing ERC Projectsor the Mobilizing ERC Finance. Let us know what you think by taking a Quick Survey.


     

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    Table of contents Title
    Table of Contents
    Banner Notice

    Watch this space.  Unlocking Global Emission Reduction Credit is intended to be a living document and will be reviewed at regular intervals. Check the page below or download the following reports: Strategic Guidance for Country System Assessments and Guidance for Countries in Assessing ERC Projectsor the Mobilizing ERC Finance. Let us know what you think by taking a Quick Survey.


     

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    Page Specific Disclaimer

    This section is intended to be a living document and will be reviewed at regular intervals. The Guidelines have not been prepared with any specific transaction in mind and are meant to serve only as general guidance. It is therefore critical that the Guidelines be reviewed and adapted for specific transactions. Unless expressly stated otherwise, the findings, interpretations, and conclusions expressed in the Materials in this Site are those of the various authors of the Materials and are not necessarily those of The World Bank Group, its member institutions, or their respective Boards of Executive Directors or member countries. For feedback on the content of this section of the website or suggestions for links or materials that could be included, please contact the PPPLRC at ppp@worldbank.org.

    Table of contents Title
    Table of Contents
    Banner Notice

    Watch this space.  Unlocking Global Emission Reduction Credit is intended to be a living document and will be reviewed at regular intervals. Check the page below or download the following reports: Strategic Guidance for Country System Assessments and Guidance for Countries in Assessing ERC Projectsor the Mobilizing ERC Finance. Let us know what you think by taking a Quick Survey.