Glasgow COP26: 100 world leaders commit to end deforestation by 2030
Leaders at the COP26 global climate conference in Glasgow have pledged to stop deforestation by the end of the decade, underpinned by $19 billion in public and private funds, and slash emissions of the potent greenhouse gas methane.
More than 100 national leaders on Monday pledged to halt and reverse deforestation and land degradation by the end of the decade, to invest in protecting and restoring forests.
Under the agreement, 12 countries pledged to provide $12 billion of public funding between 2021 and 2025 for developing countries to restore degraded land and tackle wildfires. At least $7.2 billion will come from private sector investors representing $8.7 trillion in assets under management, who also pledged to stop investing in activities linked to deforestation such as cattle, palm oil and soybean farming and pulp production.
