Coalition for Rainforest Nations

[1] The primary strategy of the Coalition is to bring about the reform of international frameworks, both legal and economic, to correct market failures that result in unsustainable outcomes.

One practice promoted by REDD+ is utilizing carbon credits to protect forested tropical countries, which is a market-based method of reducing a nation's emitted greenhouse gas emissions.

Carbon credits are one of many incentives that assist the CfRN in achieving its overarching objective to reduce the total amount of greenhouse gas emissions across forested tropical countries, promoting sustainability.

[4] Since its formation, the Coalition has been instrumental in the establishment of the World Bank's Forest Carbon Partnership Facility and the United Nations' UN-REDD program.

Further, based upon these efforts by the Coalition, various industrialized countries (including Norway, the UK, Germany, France, Japan, Australia, Finland, and others) have currently pledged around US$3.0 billion.

[6] The Coalition's website defines its objectives as developing policies and tools that assist in achieving sustainability for both forests and neighboring agricultural lands.

The CfRN broadly defines these initiaves as the REDD+ Catalytic Fund and National Greeh House Gas Inventories, which advocate for the implementation of methods that support environmentally sustainable growth.

[14] Through engaging in the VCM, companies and organizations are broadly involved in the active purchase of carbon credits and subsequent reduction of greenhouse gas emissions.