Russia: $ 19 billion investment will cost declaration on forests and land signed in Glasgow
Russia
Published Nov 7, 2021
Tridge summary
During the UN Climate Change Conference (COP26) in Glasgow, leaders from more than 100 countries signed a pact to end massive deforestation. The signatory countries include states that account for about 86% of the world's forests, including Brazil, Indonesia, the Democratic Republic of the Congo and the United States. The parties have pledged to conserve forest ecosystems and accelerate recovery, stimulate sustainable agriculture, reports Agriculture.com
Original content
The agreement, dubbed the Glasgow Declaration on Forests and Land, is backed by an estimated $ 19 billion in public and private investment. Including the United States sent $ 9 billion. At the same time, more than 30 financial institutions have pledged to stop funding deforestation projects in commodities including beef, soybeans and palm oil. But the plan must do more to reduce demand for these products, Greenpeace CEO John Sauven said: “Without fighting the driving forces of destruction, it's like whistling in the wind, thinking that only cash will work. Cattle and soybeans for animal feed are destroying the Amazon and Brazilian savannas. Meat production, like oil production, should decline. " Morgan Gillespie, global director of the Food and Land Management Coalition, hailed the declaration as "unprecedented." But she highlighted the urgent need to make this commitment a reality, noting that the New York Declaration on Forests was signed in 2014, which also aimed to reduce ...
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