Second, governments, banks, and philanthropies pledged to contribute $19 billion to make the end of deforestation possible. For one, Brazil and more than 60 additional new countries, including Argentina and Paraguay, signed on. The new promise is different for a few key reasons.
Last November, a progress report by the declaration’s backers-which include several environmental nongovernmental organizations and the German government-found countries failed to meet the first goal and were off track to meet the second. If that all sounds familiar, it’s because in 2014, several of the same nations signed the New York Declaration on Forests, vowing to halve deforestation by 2020 and end it altogether by 2030. Deforestation contributes to around a quarter of global greenhouse gas emissions in some Latin American countries, particularly those home to the Amazon rainforest, its share of emissions is even higher. climate change conference in Glasgow, Scotland, known as COP26, more than 100 countries set a non-binding pledge to end all deforestation by 2030.
