$60 Million Awarded to Canopy to Protect the Forests


Forests are essential to life on Earth. They provide us with oxygen, clean water, and food, and they play a vital role in regulating the climate. However, forests are under threat from deforestation, climate change, and other factors.

Canopy is a non-profit organization that works to protect forests and the communities that depend on them. For over 20 years, Canopy has been working with major brands to transform unsustainable supply chains and protect forests worldwide.

In 2023, Canopy announced that it would receive $60 million in funding from the Audacious Project. The Audacious Project is a collaborative funding initiative housed at TED that drives social impact on a large scale.

This funding will help Canopy accelerate its work to protect forests and transition to a more sustainable future. Canopy will use the funding to:

  • Develop more sustainable sourcing practices that move away from the dependence on ancient and endangered forests.
  • Invest in Next-Generation materials for fabrics, paper, and packaging that are low-impact environmentally.
  • Connect with its network of well-known brands with sustainable material innovators.
  • Scale up the production of Next-Generation materials.

By 2033, Canopy hopes to eliminate the use of Ancient and Endangered forests, divert nearly 800 million tons of agricultural residue and waste textiles from being burned or sent to the landfill, and create over 60 000 000 tons of low-carbon NextGen fiber production.

Canopy’s work is essential to protecting our forests and the planet. The Audacious Project’s funding will help Canopy accelerate its work and make a real difference in the fight against deforestation.

Here are some ways you can help:

  • Learn more about Canopy’s work and get involved.
  • Support brands that are committed to sustainable sourcing.
  • Choose products made from Next-Generation materials.
  • Reduce your own consumption of paper, packaging, and fashion fabrics.

Together, we can protect our forests and build a more sustainable future.

Read more at: https://happyeconews.com/60-million-awarded-to-canopy-to-protect-the-forests/

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