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.