One hundred countries, including the Netherlands, have reached an agreement to end deforestation and land degradation by the end of this decade. Countries allocate billions for this.
The agreement announced at the Glasgow Climate Summit has the support of leaders of forest countries such as Brazil, Russia, Canada, Indonesia and Congo.
The participating countries own 85 percent of the world’s forests. It covers an area of about 34 million square kilometres. British Prime Minister Boris Johnson, who will host the COP26 climate conference, described the agreement as a “milestone for protecting and restoring Earth’s forests”. An area of about 27 football fields is now lost to deforestation every minute.
In order to fulfill the promise, 10.2 billion euros of public funds will be allocated until 2025. In addition, 6.2 billion euros of private funds will be invested.
Good news for the Amazon region
It is also said that forests are the lungs of the earth, they absorb a large part of the carbon dioxide. The fact that Brazil is also involved means good news for the Amazon, the largest tropical rainforest on Earth. There, forests were extensively cut down for farming.
The deal now struck is more comprehensive than a previous deal signed by 40 countries in 2014.
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