https://reddplusbusiness.com/wp-content/uploads/2021/12/Glasgow-Conference-november-2021.jpeg 1444 1900 Maureen https://reddplusbusiness.com/wp-content/uploads/2021/09/Redd-Plus-logo-web.png Maureen2021-12-08 15:36:142022-05-05 15:48:48Glasgow big boost for forest conservation
Glasgow big boost for forest conservation
During the UN Climate Change Conference in Glasgow in November 2021 (COP26), many forest-related commitments were made.
- 137 countries signed up to the Glasgow Leaders Declaration on Forests and Land use, aimed at halting deforestation by 2030, for which 19,2 mlrd private en public funding was pledged.
- 28 countries signed up to the Forest Agriculture and Commodity Trade Road Map, aimed at establishing deforestation free supply chains.
- 30 financial institutions (among which Robeco en NN investment) agreed to eliminate commodity driven deforestation from their investment and lending portfolios.
Next to this an agreement was reached on the Paris rulebook, including Article 6. This makes carbon markets an official and active part of the Paris Agreement and opens the way to giving value to the still standing forest and forest restoration via the compliance market and the voluntary carbon market. This is a crucial addition to the efforts to release the pressure on forests via deforestation free supply chains.