Governments, MNCs, civil society agree to cut the rate of forest loss to half by 2020
In a unique public-private partnership initiative announced at the UN Climate Summit 2014, in New York on September 24, multinational companies, governments, civil society and indigenous peoples have pledged to halve the rate of forest loss by 2020 and end it by 2030.
The New York Declaration on Forests is expected to reduce carbon dioxide emissions by 4.5 and 8.8 billion tonnes every year.
The Declaration was endorsed by the US, EU and other developed and developing countries. It also aims to restore over 350 million hectares of forest and agricultural land.
"The New York Declaration aims to reduce more climate pollution each year than the United States emits annually, and it doesn’t stop there. Forests are not only a critical part of the climate solution - the actions agreed today will reduce poverty, enhance food security, improve the rule of law, secure the rights of indigenous peoples and benefit communities around the world,” said UN Secretary-General Ban Ki-moon, according to a news release published on the United Nations Environment Programme website.
|A few announcements made in support of the Declaration|
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