More than a hundred world leaders signed a vow late Monday to prevent and reverse deforestation and land degradation by the end of the decade, backed by $19 billion in public and private cash to invest in forest protection and restoration. “For the time being, our biosphere is assisting us in our recovery, but those processes are not guaranteed to continue.”
The leaders of countries including Indonesia, the Democratic Republic of Congo Brazil, which altogether value 85 per cent of the earth’s forests, established the United States at the COP26 climate convention in Paris. According to a statement issued on behalf of the leaders by the UK prime minister’s office, the Glasgow Leaders’ Declaration on Forest and Land Use would embrace forests covering more than 13 million square miles. “We will have the opportunity to halt humanity’s long history as nature’s conqueror and instead become its custodian,” British Prime Minister Boris Johnson said, describing the accord as exceptional.
Oman Becomes Another Country To Approve The Indigenous COVAXIN
On Tuesday, a host of the new government and corporate projects aimed at achieving that goal were unveiled, including billions in commitments for indigenous forest guards and sustainable agriculture. According to the nonprofit World Resources Institute, forests absorb approximately 30% of carbon dioxide emissions. The emissions are removed from the atmosphere by the woods, which prevents the climate from warming.
This natural climate buffer, however, is quickly vanishing. According to WRI‘s deforestation tracking effort Global Forest Watch, the world will lose 258,000 square kilometres of forest by 2020. That’s a bigger area than the UK. By 2025, the investors, who collectively oversee $8.7 trillion in assets, have promised to stop investing in deforestation-related industries. On Tuesday, five governments, including the United Kingdom and the United States, and a group of international organizations donated $1.7 billion in funding to help indigenous peoples’ efforts to protect the environment.
