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Forests are a source of food, medicine and fuel. In addition to helping to respond to climate change and protect soils and water, they hold more than three-quarters of the world’s terrestrial biodiversity, provide many products and services that contribute to socio-economic development and are particularly important for hundreds of millions of people in rural areas, including many of the world’s poorest.
Yet, deforestation and forest degradation continue to take place at alarming rates, which contributes significantly to the ongoing loss of biodiversity. Forests are also particularly vulnerable to climate change impacts such as insect outbreaks, fires, strong winds, droughts, and pathogen attacks.
There are ways, however, to manage the world’s forest ecosystems that will ensure the conservation and sustainable use of their biodiversity. This requires effective governance, integrated policies, land-tenure security, respect for the rights and knowledge of local communities and indigenous peoples, and enhanced capacity for monitoring of biodiversity outcomes. It also requires innovative financing modalities.
Created a Post in Forestry
The European Commission published the 20th edition of its Annual Report on Forest Fires in Europe, the Middle East and North Africa, covering 2019.
In what was possibly the worst-ever year for forest fires around the world, the report shows that over 400,000 hectares (ha) of Europe’s natural land was burnt and an unusually high number of nature protection areas were affected by wildfires.
Created an Event in Agriculture, Climate Change, Forestry
Created an Event in Forestry
'Ecological mangrove restoration' trumps one-size-fits-all approach to forest loss
A new approach in restoring mangroves accounts for an area’s altered hydrology and encourages natural restoration, resulting in better survival rates, faster growth, and a more diverse, resilient forest.
As momentum towards net zero rises around the world, this PRI report provides much needed transparency on the importance of land use and the role of Negative Emissions Technologies (NETs) in the transition.
The report finds that NETs are the next investment frontier and offer trillion dollar upside opportunities for investors. Within NETs, forest-related Nature-Based Solutions (NBS) could generate US$800 billion in annual revenues by 2050, worth US$1.2 trillion today in NPV terms, surpassing the current market capitalisation of the oil & gas majors.
Hence, an entire new industry may emerge that values carbon stored in vegetation and soil, unlocking new business models and investment opportunities for avoided deforestation, reforestation and afforestation, and land restoration. Thanks to its low cost, natural forest restoration looks likely to emerge as the earliest feasible investment opportunity.