To Meet Pledges to Save Forests Spending Must Triple, U.N. Report Says

The United Nations recently published a report highlighting the need for increased financial investment to meet global commitments to protect and restore forests. According to the analysis, current spending on forest conservation and restoration is insufficient to achieve the pledges made in 2018 to end deforestation by 2030. The report estimates that annual funding for forest-related efforts must triple, from the current level of $130 billion to $400 billion, to fulfill these commitments. This additional funding is necessary to address the drivers of deforestation, such as agriculture, infrastructure development, and unsustainable logging practices. The report emphasizes the critical role of forests in mitigating climate change, preserving biodiversity, and supporting the livelihoods of local communities. It calls for increased public and private investment, as well as policy reforms, to create an enabling environment for sustainable forest management and restoration.
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