Over 100 World Leaders Pledge to End Deforestation by 2030

Over 100 world leaders will pledge on Nov. 2 to end deforestation by 2030 in the first major deal at the COP26 climate change conference in Glasgow, Scotland.

Leaders from countries representing 85% of the world’s forests will commit  to stop and reverse forest loss and land degradation in a pledge backed by $19.2 billion in public and private funding, the British government announced, calling it “the biggest step forward in protecting the world’s forests in a generation.”

The pledge will provide $12 billion of public finance from 12 countries from 2021 to 2025 for activities that restore degraded land, tackle wildfires, and support the rights of indigenous groups.

The pledge will also provide $7.2 billion of private sector funding as chief executives from over 30 of the world’s biggest companies commit to end investment in activities linked to deforestation.

Furthermore, governments of 28 countries will commit to remove deforestation from the global trade of products, such as palm oil, cocoa, and soya.

Among the countries taking part in the pledge include Brazil, where trees in the Amazon rainforest have been cut down on an industrial scale under the administration of President Jair Bolsonaro.

“With today’s unprecedented pledges, we will have a chance to end humanity’s long history as nature’s conqueror, and instead become its custodian,” British Prime Minister Boris Johnson is expected to say, according to the statement.

However, Greenpeace International criticized the announcement as “a green light for another decade of forest destruction.”

“There’s a very good reason Bolsonaro felt comfortable signing on to this new deal. It allows another decade of forest destruction and isn’t binding,” Greenpeace Brazil Executive Director Carolina Pasquali said.

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