During the 28th Conference of the Parties to the United Nations Framework Convention on Climate Change (COP28), Commissioner Virginijus Sinkevičiustogether with high-level representatives of Germany, the Netherlands and France, launched a global Team Europe Initiative (TEI) on Deforestation-free Value Chains.
This strategic initiative marks a significant step in the EU and Member States’ commitment to foster inclusive partnerships with producing countries. The initiative will help address deforestation on a global scale and support the commitments outlined in the Glasgow Leader’s Declaration on Forests and Land Use from COP26 to halt and reverse forest loss and land degradation by 2030.
Aligned with the EU’s Global Gateway strategy, the new Team Europe Initiative is designed to halt deforestation and support partner countries in successfully transitioning to sustainable, deforestation-free, and legal value chains.
The EU and its Member States announced an initial package of €70 million in new funding for the implementation of this Team Europe Initiative, complementing a broad portfolio of ongoing programmes from the EU and its Member States on forests and halting deforestation.