COP21: Five billion dollars to finance the fight against deforestation
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The second day of COP21 brought good news for forests. On the one hand, significant funding was pledged to combat deforestation. On the other, several forested countries reviewed their conservation contributions. Finally, various public and private stakeholders clarified their roles on the issue.
These and other commitments were announced during the side and plenary events of the Lima-Paris Action Agenda (LPAA), which engages state and non-state actors in a cooperative manner to support the new global climate change agreement that governments hope to reach in Paris.
The importance of forests in climate change
On the second day of the COP, the role of forests and their importance for climate change mitigation and adaptation was the main theme of a series of side events and plenary sessions at the LPAA.
In fact, about a quarter of all anthropogenic greenhouse gas emissions come from agriculture, forestry and other land uses. Deforestation is responsible for half of this impact, mainly due to demand for food and timber products.
Stakeholder commitments
Caring for the forests. Guatemala has committed to restoring 140 million hectares of forest with an investment of between 80 and 100 million hectares per year. Peru has included the protection of 130 million hectares of Amazonian land as part of its national conservation policy.
Financial resources. Germany, Norway and the United Kingdom announced that they will provide $5 billion between 2015 and 2020 to reduce deforestation, provided that this can be demonstrated by measurable, reportable and verifiable emission reductions.
Contributions. The event also reviewed some of the national contributions (INDCs) of countries that include deforestation issues, such as Brazil, Indonesia, Paraguay or Colombia.
Role of the companies. The private sector is committed to ending natural forest loss by 2030. To this end, it has set out to achieve net deforestation emissions by 2020 within its agricultural production chains such as palm oil, soy, paper and meat products.
Adding people. Indigenous communities and civil society have also been involved in these commitments. They have introduced the construction of the Amazon Indigenous Fund to promote Reducing Emissions from Deforestation and Forest Degradation (REDD+) to support communities, and civil society is building indicators to monitor progress in ending deforestation.
Source: ConexiónCOP
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