Deforestation and Climate Change

Despite numerous efforts in recent years to protect forests, deforestation is drastically accelerating, putting a strain on the fight against climate change.

Forest cover is one of the key factors to combat climate change: in addition to damaging biodiversity and violating the rights and livelihoods of local communities, the destruction of forests on this scale for science is a real catastrophe for Climate Change.

Science shows us that forests are even more important than we think in curbing climate change. In addition to capturing and storing carbon, forests drastically affect the local ecosystem and can actually be a tool to protect biodiversity and indigenous peoples.

Investing in developing countries to limit deforestation

To support and in line with the number 15 of the Sustainable Development Goals defined by Agenda 2030, "Protect, restore and promote sustainable use of the terrestrial ecosystem", the program developed by the United Nations Framework Convention on Climate Change (UNFCCC) for reduce emissions caused by deforestation and forest degradation, and enhance the carbon stock of forests.

REDD+ (Reducing Emissions from Deforestation and Forest Degradation), now 10 years old, has the main objective of encouraging countries and companies to invest in developing countries to limit deforestation and forest degradation. But REDD + funding, unfortunately, remains negligible compared to those provided for practices that endanger forests.

There are still no incentive economic mechanisms through which a fair and stable price is recognized over time for farmers who choose the road to zero deforestation and sustainable production.

For this reason, in the Paris Agreement it was considered essential to include actions to combat emissions associated with forests: "Parties are encouraged to take action to implement and support activities relating to Reducing Emissions from Deforestation and forest Degradation, [plus] the role of conservation, sustainable management of forests, and enhancement of forest carbon stocks (REDD +)".

The private sector to protect forests

 

According to the Carbon Disclosure Project (CDP) in 2016 over 81% of companies working in sectors related to agricultural production are facing the risks related to deforestation, reviewing their budgets and strategies for future years.

Unfortunately, over 34% of the companies that participate in the CDP do not have a real "commitment" on the part of management to manage the risks of deforestation associated with their supply chains.

Initiatives such as "CDP Supply Chain", "Global Forest Report" and "Supply Change" are bringing to the attention of investors, consumers and customers the problems related to many natural "commodities", exposing companies to a high economic risk, regulatory and reputational.

For these reasons, recognizing the importance of working on a medium-term strategy that allows the company to reduce its exposure in the purchasing phases, is vital to remain competitive over time.

Countries and corporations must be able to enhance their role on climate action if we really want to drive change towards sustainable development.

Deforestation and Climate Change