Forest loss to cost global economy $1trn annually

Unpublished
An ineffective climate change regime on forests would entail losses in the global economy of $1 trillion per year by 2100, and affect a large portion of the estimated one billion people who rely on forests for their livelihood, the UN Environment Programme has warned.

By contrast, a healthy forestry-based carbon market could raise $10 billion by 2020 for the protection and rehabilitation of natural forests. But Christian del Valle, Director of Environmental Markets & Forestry at BNP Paribas, noted: “Cleared forests translate into economic opportunity for farmers, local communities and governments while standing forests do not.”

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