World Economic Forum

December 2, 2021
The conservation movement, since its origins in the 19th century, has primarily relied on public funding and philanthropic contributions to achieve its ends. The Global Canopy Programme estimates that the total annual expenditure on conservation to date has been $50 billion, of which more than 80% was from governmental and philanthropic sources. Ecosystem Marketplace similarly estimates the annual flows of private investment dollars into conservation in the low billions of dollars, with the bulk of these funds going to sustainable food and fibre rather than habitat conservation.

In November 2021 at COP26, a collective $12 billion for forest-related climate finance between 2021-2025 was announced with the support of 11 nations. Yet, all these expenditures lag significantly behind the annual expenditures needed to preserve the planet’s biodiversity, estimated by Credit Suisse, McKinsey & Co and the World Wildlife Fund to be between $300 and $400 billion. Without private investment dollars, this shortfall is likely to persist indefinitely.

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New Straits Times

November 7, 2021
Since 1994 the United Nations (UN) has convened almost every country on Earth for an annual summit known as the Conference of the Parties (COP) to the UN Framework Convention on Climate Change (UNFCCC).

This year's two-week 26th meeting, COP26, is described as "the most significant climate event since the 2015 Paris Agreement" which committed nations to limiting global warming to well below 2°C (preferably 1.5°C), and "the world's best and last chance to get runaway climate change under control."

United States President Joe Biden, Indian Prime Minister Narendra Modi, and Indonesian President Joko Widodo were among the 200 world leaders attending the first two days of the conference in Glasgow, Scotland.

Malaysia is ably represented by the savvy Secretary-General of the Water and Environment Ministry Datuk Seri Dr Zaini Ujang.

The conspicuous absence of more senior representation, though, seemed to many a sign that Malaysians were nonchalant about the event. That is, until a big headline appeared saying that more than 100 world leaders had promised to end and reverse deforestation by 2030.

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New York Times

November 2, 2021
In a sweeping accord aimed at protecting the world’s forests, which are crucial to absorbing carbon dioxide and slowing the rise in global warming, leaders of more than 100 countries gathered in Glasgow vowed on Tuesday to end deforestation by 2030.

President Biden said the United States would contribute billions to the global effort to protect the ecosystems that are vital for cleaning the air we breathe and the water we drink, and keeping the Earth’s climate in balance.

The pact — which also includes countries such as Brazil, Russia and China — encompasses about 85 percent of the world’s forests, officials said. It is one of the first major accords to emerge from the United Nations climate summit known as COP26, which is seen as a crucial moment in efforts to address climate change.
“These great teeming ecosystems — these cathedrals of nature,” Prime Minister Boris Johnson of Britain said in announcing the agreement, “are the lungs of our planet.”

President Biden said he would work with Congress to deploy up to $9 billion to the global effort through 2030. Additionally, governments committed $12 billion through 2025, and private companies pledged $7 billion to protect and restore forests in a variety of ways, including $1.7 billion for Indigenous peoples. More than 30 financial institutions also vowed to stop investing in companies responsible for deforestation.

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Ford Foundation

November 1, 2021
The UK, Norway, Germany, the US, and the Netherlands, in partnership with 17 funders, pledged today to invest US$1.7 billion to help Indigenous and local communities protect the biodiverse tropical forests that are vital to protecting the planet from climate change, biodiversity loss, and pandemic risk, according to an announcement made today at a high-level World Leaders Summit at COP26.

“We are demonstrating our commitment today by announcing an initial, collective pledge of $1.7 billion of financing, from 2021 to 2025, to support the advancement of Indigenous Peoples’ and local communities’ forest tenure rights and greater recognition and rewards for their role as guardians of forests and nature,” says a statement released today by the donors. “We call on other donors to significantly increase their support to this important agenda.”

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Bloomberg

November 1, 2021
One hundred countries, representing 85% of the world’s forests, have given themselves nine years to halt and reverse deforestation, in a major new commitment at global climate change talks on Tuesday.

Brazil, Russia, Canada, Colombia and Indonesia will be among the nations committing to halt and reverse forest loss and land degradation by 2030 at the third day of COP26 in Glasgow, Scotland, in an initiative spearheaded by the conference host, the U.K.

The inclusion of Brazil, home to the world’s largest tropical rainforest, is crucial to the initiative and comes amid a turnaround in the country’s ambitions to reduce emissions and tackle deforestation. Across the world as a whole, an area of forest the size of 27 soccer pitches is lost every minute, according to the U.K.

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New Straits Times

September 5, 2021
Borneo, the world's third largest island, boasts one of Earth's oldest rainforests.

It accounts for just one per cent of the planet's landmass yet holds approximately six per cent of the Earth's variety of plant and animal species, including such charismatic creatures as Bornean orangutans, clouded leopards, pygmy elephants and rhinoceros, as well as giant pitcher plants and Rafflesia flowers.

Forest conversion and degradation over the years have threatened the integrity of rainforests. The World Wide Fund for Nature (WWF) listed Borneo among the deforestation hotspots and planetary warming has made it vulnerable to forest fires.

It was to the great credit of the governments of Brunei, Indonesia and Malaysia when they established the "Heart of Borneo" (HoB) conservation area in 2007, one of the largest transboundary rainforests in the world — 22 million ha (the size of England and Scotland combined). It was a triumph of environmental diplomacy and a demonstration of political will at the highest level.

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Mongabay

June 4, 2021
Nature-based solutions to tackle the climate crisis, specifically through the global carbon market, are attracting major public and private investment. Yet, according to new research by the NGO Rights and Resources Initiative (RRI) and Canada’s McGill University, most tropical forested countries looking to benefit from these markets still need to define the rights of Indigenous peoples, local communities and Afro-descendant peoples over carbon in their customary lands and territories.

If these rights are not meaningfully recognized, the researchers argue, the viability of these nature-based solutions will be fundamentally threatened.

RRI has tracked the land rights of Indigenous communities throughout the world for two decades. This latest research is in the context of a global task force established to rapidly expand voluntary carbon markets. Major international corporations like Amazon, Unilever, Salesforce, Airbnb and Nestlé, as part of the LEAF coalition, are pushing to mobilize at least $1 billion using Architecture for REDD+ Transactions (ART) to tackle deforestation and forest degradation.

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Bloomberg Green

March 21, 2021
Global businesses sourcing commodities such as cattle, soybeans or rubber stand to lose some $53 billion due to deforestation unless they take action.

In a survey of more than 500 global businesses, climate-disclosure platform CDP identified risks such as extreme weather, changes in consumer preferences, as well as market and reputational impacts from commodity-related forest loss. It would cost $6.6 billion in the coming years to address those risks, the London-based nonprofit said in a report Monday.

“The destruction of the world’s vital forests poses huge risks to the climate, nature, the economy, and also increases the risk of future pandemics,” Sareh Forouzesh, CDP’s associate director of forests, said in a statement. “There is a solid business case for companies sourcing commodities sustainably and taking steps to protect forests.”

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Reuters

February 25, 2021
The rate of destruction of the world’s tropical forests is likely to have gathered pace last year, green groups warned, as the pandemic weakened environmental regulations, cut funding for protection work and forced city migrants back to rural areas.

In 2019, tropical rainforests disappeared at a rate of one football pitch every six seconds, according to monitoring service Global Forest Watch (GFW), despite more awareness of the key role of carbon-storing forests in slowing climate change.

The tracking platform, which uses satellite imagery and is run by the U.S.-based think-tank World Resources Institute (WRI), is due to release its deforestation numbers for 2020 - when the COVID-19 pandemic struck - in the next three months.

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Forest Peoples Programme

February 18, 2021
In their quest to bolster economies battered by the pandemic, governments in Brazil, Colombia, the Democratic Republic of the Congo, Indonesia, and Peru have set aside social and environmental safeguards in favor of destructive development projects that are harming Indigenous communities and the forests they care for, according to a report released today by Forest Peoples Programme.

Open-pit mines, industrial agriculture plantations, infrastructure mega-schemes and hydropower complexes are among the projects fueling a rise in human rights abuses and deforestation in five countries that contain the majority of the world’s tropical forests.

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The Guardian

October 5, 2020
Much of the Amazon could be on the verge of losing its distinct nature and switching from a closed canopy rainforest to an open savannah with far fewer trees as a result of the climate crisis, researchers have warned.

Rainforests are highly sensitive to changes in rainfall and moisture levels, and fires and prolonged droughts can result in areas losing trees and shifting to a savannah-like mix of woodland and grassland. In the Amazon, such changes were known to be possible but thought to be many decades away.

New research shows that this tipping point could be much closer than previously thought. As much as 40% of the existing Amazon rainforest is now at a point where it could exist as a savannah instead of as rainforest, according to a study published in the journal Nature Communications.

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Santa Barbara Independent

August 27, 2020
In the 1960s, Costa Rica had one of the highest population growth rates in the world at almost 4 percent. This caused major concern among demographers. Through changes in policy and education, the rate has steadily dropped until today it is slightly below 1 percent, less than replacement level.

On another front, Costa Rica has similarly achieved a remarkable turnaround. In the 1940s, 75 percent of the country was covered in rainforest, cloud forest, and mangrove. Over the next 40 years, more than half of all trees were logged; the country had the highest deforestation rate in the American hemisphere in the ’70s and ‘’80s. Starting in the 1990s, a forest conservation and restoration program was initiated based on the strategy of valuing forests by paying for their services, known as Payment for Environmental Services (PES).

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Business Green

March 12, 2020
Corporate investment in carbon offsets is helping to fund a project in West Africa that is delivering on multiple Sustainable Development Goals through its protection of precious forest habitats and its services for local communities.

The Upper Guinean Forest of West Africa is one of only three forested biodiversity hotspots in Africa. Until the end of the 19th century it covered most of Sierra Leone, Liberia, South-East Guinea, Southern Ivory Coast and South-West Ghana, but less than a fifth of this rainforest remains today.

The Greater Gola Landscape, straddling the Sierra Leone-Liberia border comprises the largest remnant of this critical ecosystem - over 350,000 hectares in a mosaic of protected areas, community forests, and smallholders' agricultural lands.

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The Guardian

March 4, 2020
Tropical forests are taking up less carbon dioxide from the air, reducing their ability to act as “carbon sinks” and bringing closer the prospect of accelerating climate breakdown.

The Amazon could turn into a source of carbon in the atmosphere, instead of one of the biggest absorbers of the gas, as soon as the next decade, owing to the damage caused by loggers and farming interests and the impacts of the climate crisis, new research has found.

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International Business Times - OpEd

February 22, 2020
As climate change deepens, forests –– those lush, abundant, mysterious stands of trees that for millennia have quietly produced the air we breathe and the water we drink –– have never been more critical to our survival. It’s become clear that,  as leading scientists have said, “Our planet’s future climate is inextricably tied to the future of its forests.” For a climate stable future, we must keep forests standing, as they are one of the most effective tools we have to combat climate change. Thankfully, the basic prescription for saving much of the world’s forests is refreshingly simple: hold corporations accountable for their role in driving deforestation and uphold Indigenous rights to their ancestral lands. 

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