Combatting Global Deforestation Act of 2024

The Combatting Global Deforestation Act of 2024 establishes a U.S. program that provides $875 million annually for four years to partner developing countries to combat deforestation through verified results-based payments. The program requires partner countries to meet specific environmental and governance standards, including transparent reporting, independent verification of results, and meaningful participation of indigenous communities, with funding tied to measurable outcomes like reduced deforestation and restored ecosystems. It focuses on protecting natural forests (excluding tree plantations) and enhancing terrestrial ecosystem services, while preventing the use of funds to pay off debts to countries of concern. The program includes technical assistance through USAID to help partner countries develop conservation projects and build capacity for monitoring, reporting, and verification. This approach aims to protect biodiversity, support communities dependent on forest resources, and contribute to global climate goals through verified conservation outcomes.