On the second day of the climate change summit COP26, coverage focuses on key announcements from the World Leaders Summit on Forests and Land Use. More than 100 leaders will commit to halt and reverse forest loss and land degradation by 2030 today, in a pledge backed by almost £14 billion in public and private funding.
The leaders represent over 85% of the world’s forests. The finance will support activities in developing countries, including restoring degraded land, tackling wildfires and supporting the rights of indigenous communities.
The Guardian also published an interview piece from Lord Goldsmith highlighting the importance of today’s news and the Prime Minister’s call for world leaders to commit to radical action to reverse deforestation.
Lord Zac Goldsmith, International Environment Minister, UK, said:
Our global forests are absolutely fundamental if we are to limit global temperature rise to 1.5ºC, which is why this huge public finance commitment by the UK and our donor partners is so important.
“The $12 billion commitment – the largest ever public climate finance pledge of its kind – will protect, restore and deliver sustainable management for forests, addressing the climate and biodiversity crises, providing targeted support for the regions like the Congo Basin and advancing and protecting the rights of Indigenous Peoples and Local Communities as forest guardians. It is a critical part of a broad and ambitious package of actions and commitments we are delivering at COP26 for the world’s forests.
The UK will commit £1.5bn over five years to support the forests pledge, including £350m for tropical forests in Indonesia, and £200m for the LEAF Coalition.The UK will also contribute £200m, alongside 11 other donors, as part of a new £1.1 billion ($1.5bn) fund to protect the Congo Basin. The area is home to the second-largest tropical rainforest in the world which is threatened by industrial logging, mining and agriculture.