World leaders promise an end to the “chainsaw massacres” causing deforestation at COP26: As long as agribusinesses and global financial institutions continued to fuel and make money from global deforestation these carbon sinks will continue to be razed
, the tropics lost 12.2 million hectares of tree cover in 2020. Of this, 4.2 million hectares — an area the size of the Netherlands — occurred in humid tropical primary forests, which are vital for storing carbon and safeguarding nature. The resulting carbon emissions from this loss of primary forest is equivalent to the annual emissions of 570 million cars.
The financial support pledged at COP26 to protect forests, Blackman said, is dwarfed by the flows of private finance to “forest-wrecking” companies. found that banks and investors in the UK, European Union, United States and China ploughed $157-billion since the Paris Climate Agreement into agribusiness firms linked to tropical deforestation and associated human rights abuses, netting an estimated $1.74-billion in income.
“The devil is likely to be in the detail as much will depend on how this money is controlled and spent,” the head of its conservation campaign Fiore Longo said. “It will be important to see how much of the financial commitment is new money, and how much is intended just to set up forest carbon offset projects which have historically consistently failed.”
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
World leaders promise an end to the “chainsaw massacres” causing deforestation at COP26 - The Mail & GuardianWorld leaders promise an end to the “chainsaw massacres” causing deforestation at COP26 - As long as agribusinesses and global financial institutions continued to fuel and make money from global deforestation these carbon sinks will continue to be razed
Read more »
Broos unhappy Ghana ‘will have it easy at world-class Orlando’Despite the Ghana Football Association viewing their Qatar 2022 Fifa World Cup qualifier against Ethiopia at the Orlando Stadium as a disadvantage, Bafana Bafana coach Hugo Broos begs to differ.
Read more »
What must happen for SA to reach T20 World Cup semifinalWith one match remaining in the group stages of the ICC T20 World Cup, the prospect of SA qualifying for the semifinal stage is not entirely in their own hands.
Read more »
Aussies crush Bangladesh, jump ahead of Proteas in World Cup semis raceAustralia's convincing T20 World Cup win against Bangladesh is a blow to South Africa's hopes of reaching the semi-finals.
Read more »
What must happen for SA to reach T20 World Cup semifinalWith one match remaining in the group stages of the ICC T20 World Cup, the prospect of SA qualifying for the semifinal stage is not entirely in their own hands.
Read more »
WATCH | All the feels as Pakistan congratulates Namibia on its journey in the T20 World CupA heart-warming video of the Pakistan cricket team surprising the Namibian team in their dressing-room after winning the T20 World Cup match has gone viral on social media.
Read more »