Latham Advises Emergent on Landmark Forest Protection Funding Deal in Côte d’Ivoire

Latham advised Emergent on the transaction, acting for Emergent in its agreements with forest-rich host governments and public-private purchasers under the LEAF Coalition. The transaction involves Emergent's role in pioneering jurisdictional-scale forest protection funding. In 2024 the Brazilian state of Pará became the first government in the Amazon basin to secure funding from the LEAF Coalition under a landmark deal worth up to US$180 million. Through the LEAF Coalition, Emergent helps initiate forestry projects that generate carbon credits for sale in global markets as part of a major public–private effort to protect tropical forests and support sustainable development. This week Côte d’Ivoire signed a purchase agreement with Emergent worth up to US$23 million to commercialize high-integrity jurisdictional REDD+ emission reductions and removals issued under the World Bank’s Forest Carbon Partnership Facility (FCPF) Standard. The agreement, negotiated between Côte d’Ivoire’s Carbon Markets Office and Emergent, covers the sale of excess emissions reductions and removals generated by the jurisdictional-scale Emission Reductions Program around Taï National Park. The LEAF Coalition comprises more than 30 corporations and the governments of Norway, the United Kingdom, the United States and the Republic of Korea. Latham represented Emergent with a team composed by: partner JP Brisson; associates Jim Lambert, Qingyi Pan and Georgia Bellett.

Latham Advises Emergent on Landmark Forest Protection Funding Deal in Côte d’Ivoire

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