'This partnership is nothing but a green light for eight more years of forest destruction, with little respect for the rights of Indigenous peoples and local communities,' Greenpeace campaigner VThoener said in response to a new pact formed at COP27.
in a statement that the FCLP"is a critical next step to collectively deliver on this promise and help keep the goal of limiting global warming to 1.5°C alive."
"We must look beyond the needs of greedy businesses to effectively deliver on non-market approaches for nature protection." Even though"notable progress in afforestation and reforestation efforts over the last two decades have resulted in new forest new forest areas the size of Peru, with net gains of forest cover in 36 countries... overall losses exceeded gains over the same period, resulting in a net loss of 100 million hectares globally," the report stated.
At this week's inaugural meeting of the FCLP, Germany vowed to double its annual forest financing to roughly $2 billion through 2025 and Colombia pledged to spend $200 million per year for the next 20 years to help protect the Amazon rainforest,Private companies announced $3.6 billion in extra money. They include investment firm SouthBridge Group, creating a $2 billion fund for restoration efforts in Africa, the region with the most tropical rainforest after South America.
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