The agreement will be signed on the third day of COP26 and the second and last day of the summit part of the conference, when dozens of world leaders, including President Alberto Fernández, will detail their commitments to the fight against climate change.
On the opening day of the summit, heads of State and Government yesterday launched dramatic calls to cut the Emissions of greenhouse gases to “save humanity” from the devastating effects that could be unleashed.
Also today, the United States and the European Union (EU) planned to launch an initiative that seeks to lead the international efforts to cut methane emissions, another powerful gas that explains global warming.
Speaking at the conference today, British Prime Minister Boris Johnson said the agreement to be signed commits more than 100 countries to halt deforestation by 2030 thanks to $ 19.2 billion of public and private funding.
“These large, abundant ecosystems are the lungs of our planet and essential to our very survival,” said Johnson, who spoke of a “historic agreement” and an “unparalleled opportunity to create jobs.”
“With today’s unprecedented promises, we will have the opportunity to end humanity’s long history as the conqueror of nature and instead become its custodian,” he added.
Experts had mixed reactions to the announcement.
Some of them who considered it positive, although they warned that a previous agreement of 2014 failed to stop deforestation at all and that it is imperative to comply with the commitments.
Others, instead, denounced the announcement as a “green light for another decade of forest destruction.”
Forests and jungles absorb almost a third of the global CO2 emitted by the burning of fossil fuels, but every minute a forest area equivalent to 27 football fields is lost, according to the presidency of COP26.
On the other hand, 23% of global CO2 emissions come from activities such as logging, deforestation and agriculture, and 1.6 billion people – almost 25% of the world’s population – depend on forests for their livelihoods.
The countries that will sign the agreement contain 85% of the world’s forests, including Russia, Canada, Brazil, Russia, Colombia, Indonesia and the Democratic Republic of the Congo.
The UK will spend more than $ 2 billion over five years to support the promise of forests.
That money will include nearly $ 500 million for Indonesia’s tropical forests and more than $ 270 million for the LEAF Coalition, a body that makes it easier for countries with tropical and subtropical forests to move faster towards ending deforestation.
Governments that account for 75% of global trade in key commodities that can threaten forests, such as palm oil, cocoa and soybeans, will also sign a new Declaration on Forests, Agriculture and Commodity Trade (FACT).
Britain’s Environment Minister George Eustice today described the deforestation deal as a “really significant advance”.
Source From: Ambito
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