The forestry subsidiary signed a public-private agreement to promote forestry projects linked to climate standards and financing, an initiative aimed at encouraging afforestation, strengthening the sector’s development, and increasing carbon capture to help the country meet its climate commitments.

The agreement, signed by the Ministry of Economy, the Ministry of Agriculture, the Ministry of the Environment, Corfo, BancoEstado, Fundación Chile, and CORMA, Chile’s timber industry association, will lay the groundwork for small and medium-sized forest landowners to participate in carbon markets by accessing financing for afforestation and reforestation projects that meet climate standards and contribute to the recovery of degraded soils and forests affected by fires.

The initiative also includes the development of public-private governance aimed at promoting multipurpose forestry projects, strengthening coordination among industry players, and moving forward with a roadmap to expand Chile’s participation in international carbon markets, integrating productive development, climate action, and benefits for local communities.