{"id":32213,"date":"2020-09-29T00:01:00","date_gmt":"2020-09-29T00:01:00","guid":{"rendered":"https:\/\/www.climatepolicyinitiative.org\/?post_type=cpi_publications&p=32213"},"modified":"2026-04-28T09:36:00","modified_gmt":"2026-04-28T09:36:00","slug":"grove","status":"publish","type":"cpi_publications","link":"https:\/\/www.climatepolicyinitiative.org\/id\/publication\/grove\/","title":{"rendered":"GROVE: Forestry Smart Ledger"},"content":{"rendered":"\n

This publication is CPI\u2019s analysis of GROVE: Forestry Smart Ledger, an innovative climate finance instrument endorsed by the<\/em> Global Innovation Lab for Climate Finance<\/em><\/a> (the Lab). CPI serves as the Lab\u2019s Secretariat.<\/em> Each instrument endorsed by the Lab is rigorously analyzed by our research teams. High-level findings of this research are published on each instrument, so that others may leverage this analysis to further their own climate finance innovation.<\/em><\/p>\n\n\n\n

India has pledged to create a carbon sink of 2.5-3 billion tons through 2030, for which it would require USD 15 billion annually. Mangroves can typically store four times more carbon than rainforests and are inexpensive \u2013 making them arguably the most efficient carbon sequestration technology in the world.<\/p>\n\n\n\n

However, small-scale forestry community projects do not have reliable corporate and donor financing. In addition, only large forestry projects have the capacity to absorb high carbon verification costs and thus small-scale projects are automatically excluded from carbon finance markets. Thus, it is imperative to lower barriers to entry for carbon finance markets and reduce third-party verification costs in order to scale up community forest planting.<\/p>\n\n\n\n

GROVE: FSL crowdfunds capital for small-scale forestry projects, reduces monitoring costs through remote sensing and machine learning, and increases financial transparency and local community earnings through blockchain-backed smart contracts.<\/p>\n\n\n\n

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