The Independent - OpEd
November 3, 2021
Reversing nature loss by 2030, while also halving greenhouse gas emissions this decade, is critical to avoid climate catastrophe. Nature can contribute up to a third of the climate action needed over the next decade, along with measurable benefits for biodiversity and people.
COP26 is the biggest moment for forests and nature since the Paris Agreement in 2015. Glasgow is producing the largest ever financial incentives for protecting forests, with unprecedented commitments from donor nations, investors and companies.
Yesterday, more than 30 leading financial institutions, collectively with over US$ 8.7 trillion in assets under management, committed to tackle agricultural commodity-driven deforestation as part of broader efforts to drive the global shift towards sustainable production and nature-based solutions.
On top of that, more than 100 government leaders representing over 85% of the world’s forests committed to halt and reverse deforestation and land degradation by 2030, a pledge that was backed by $12 billions of public fund and more than $7 billion of private commitments, including exciting initiatives like the LEAF Coalition, the Natural Capital Investment Alliance and the Finance for the Amazon, Cerrado and Chaco (IFACC) initiative.