For forests, COP28 was better than expected, but worse than needed

By Alec Luhn
December 28, 2023
Category: Carbon, Climate & Bioenergy
Region: International

The COP28 climate summit in Dubai was a mixed bag for forest conservation as climate mitigation. The final text included the goals from the 2021 Glasgow Declaration, which calls for halting deforestation by the end of the decade. However, the summit failed to make progress on paying countries to keep forests standing to offset emissions elsewhere, which has run into trouble following carbon offset scandals. Observers say the COP30 summit in Brazil in 2025 will see a larger push for forest protection. …COP28 started off with several promises of money for rainforest conservation. …In addition, a coalition including the U.S., U.K., Japan, Germany and others agreed to boost low-carbon construction, including with sustainable wood. …Though these pledges sound impressive, they pale in comparison to the “finance gap” we need to make up to reverse biodiversity and nature loss by 2030 is $700 billion every year, according to The Nature Conservancy. 

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