United Nations Approves Report On Forest Carbon In Panama

United Nations Approves Report On Forest Carbon In Panama

The United Nations Framework Convention on Climate Change (UNFCCC), through the “Technical Assessment Report of the Forest Reference Level of Panama”, approved (-)27,735,675 tons of CO2 equivalent per year, as the reference level of national carbon forest to receive payments for performance under this Convention.

With this result, Panama joins the list of countries that have been evaluated by the UNFCCC and becomes the first in the world to undergo a full evaluation and received approval of the five forestry activities allowed by the United Nations to receive payments for performance, either by the Green Climate Fund, by compensation schemes or reduction of carbon emissions established by other international organizations or by existing national or regional mechanisms for such purpose. To date, only 29 countries have submitted their respective forest reference levels to the United Nations evaluation.

The international evaluation was extended for one year and four months. The evaluation report highlighted that the data and information provided by Panama was transparent, complete and in accordance with the guidelines of the Intergovernmental Panel on Climate Change. The five activities evaluated were: reduction of emissions derived from deforestation, reduction of emissions derived from forest degradation, increase in carbon reserves, conservation of carbon reserves and sustainable management of forests.

Environment Minister Emilio Sempris said that “This positive result benefits rural  communities, indigenous peoples, forest conservators and agroforestry producers, and will consolidate the legacy left by this administration with the adoption of the Forestry Strategy 2050 in 2019, the Forest Electronic Traceability System in 2018, the Law 69 of 2017 of Reforestation Incentives, the Forest Watch Program in 2016 and the Alliance for a Million Hectares Reforested in 20 years, together with the Paris Agreement in 2015”.