US President Joe Biden announced Tuesday a plan to protect forests globally which will have “all the tools of the US Government: political, diplomatic and financial”, in an act on “Forests and Land” at the COP26 climate summit.
Biden assured that the plan will be “the first of its kind” and, with the help of the US Congress, will mobilize $ 9 billion by 2030 to protect and restore the planet’s biodiversity, while attracting financing from the private sector.
“We are going to ensure that markets recognize the true economic value of natural carbon sinks and motivate governments, landowners and others to prioritize conservation,” he said.
“The United States will lead by example at the national level and support other forested and developing nations to set and achieve ambitious goals in conserving and restoring these carbon sinks”He added.
Biden stressed that deforestation must be tackled “with the same serious process applied to decarbonizing the economy,” since, he pointed out, “forests can help reduce emissions by more than a third.”
Bezos donation and an expected signature
In the same act, during the second day of the COP26 leaders’ summit (which continues later, without the leaders, until November 12), the founder and president of Amazon, Jeff Bezos, pledged 2 billion dollars for the protection of the land in Africa, through its foundation Bezos Earth Fund. “Two thirds of the land in Africa is degraded, but this can be reversed,” he said.
Restoring these resources, he added, “can improve soil fertility, increase yields, improve food security and access to water, create jobs and boost economic growth” while absorbing carbon.
Today’s big announcement at COP26, chaired by the United Kingdom, is the signing by a hundred world leaders – from countries that represent 85% of the planet’s forests – of a declaration in which they commit to “stop and reverse deforestation and land degradation ”by 2030.
This promise, signed by Colombia, Indonesia, Norway, Australia, Brazil, China, Costa Rica, the European Union, Ecuador, Honduras, Guatemala, Peru, Russia, Turkey, Uruguay, the United States or the United Kingdom, is accompanied by financing in the present decade to stop the regression of the forest masses.
(With information from EFE)