Brazil is set to be among the signatories today (Tuesday), where miles of the Amazon rainforest has been cleared out.
Experts welcomed the move and urged all stakeholders to deliver on their commitments – warning that a previous deal in 2014 had “massively failed to slow the rate of deforestation”.
It merits mentioning that the pledge includes almost $19.2bn of private and public funds.
The UN Secretary-General António Guterres and UK’s Prime Minister Boris Johnson were on stage to greet world leaders upon their arrival.
According to media reports, more than 30 of the world’s major companies have committed to ending investment in activities related to deforestation.
The goal is to keep global warming under 1.5C by 2100. We, currently, are on track for 2.7C – which the UN said would result in “climate catastrophe”.
Moreover, a £1.1bn fund will be set up to protect the Congo Basin – the world’s second-largest tropical rainforest.
UK’s Boris Johnson, the host of the global meeting in Glasgow, will term Tuesday’s deal a “landmark agreement to restore and protect the Earth’s forests”.
The countries that have committed to sign the pledge include Brazil, Canada, China, Russia, the Democratic Republic of the Congo, Indonesia, the US, and the UK. These countries cover around 85% of the world’s forests. It must be remembered that falling trees contribute to climate change as it depletes forests that take in vast amounts of CO2.
Prince Charles, in an urgent call for action at the climate change summit, said that time had “quite literally run out.”
He said the Covid-19 pandemic had “revealed just how devastating a cross-border threat can be.”
The Queen urged world leaders to “achieve true statesmanship” and enable a “safer, stabler future” for the globe.
The UN said artificial intelligence should receive the same level of attention as climate change. A recent UN report suggests… Read More
UAE President Sheikh Mohamed bin Zayed Al Nahyan will start his first official visit to the United States as the… Read More
Popular rapper/producer, Sean ‘Diddy’ Combs, is currently under suicide watch at the Metropolitan Detention Center (MDC) in Brooklyn. This comes… Read More
On the second day of the first Test match against Sri Lanka at Galle, on a rainy day, William O'Rourke… Read More
Her stunning achievements in scientific research and public health have earned Jameela al-Masoud, a 20-year-old Emirati, a spot on the… Read More
The latest development that Canada has put in place is new measures that will help to limit the number of… Read More
This website uses cookies.
Read More