Released by Forest Declaration Assessment, the report highlights that the world is off track to zero down on deforestation by 2030.
Key Findings of the Report
- Deforestation Rate: 8.1 million hectares of forest lost in 2024, a level of destruction 63% higher than the trajectory needed to halt deforestation by 2030.
- Misaligned Financial flows: With Harmful subsidies outweighing green subsidies by over 200:1.
Key Reasons for Rising Forest Degradation
- Permanent Agriculture: Contributed to around 86% of deforestation through cultivation of oil palm, cacao, orchards, nuts, rubber, seasonal crops, and pasture.
- Mining sector: Around 77% of global mines are located less than 50 km from Key Biodiversity Areas (KBAs).
- Environmental Crimes: Including illegal deforestation and logging, generates around $281 billion annually.
Key Shifts Needed to Halt Deforestation
- Mandatory Regulation over Voluntary Pledges: To ensure accountability, traceability, and compliance.
- Valuing Forests and Ending Externalization: Pricing the real costs of deforestation and degradation.
- Inclusive Decision-Making: Witnessing full participation of Indigenous Peoples (IPs), local communities (LCs), women, and civil society.
Key Goals For Forest Restoration
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