The Bezos Earth Fund plans to spend $1 billion mainly in the United States and Africa, planting trees to better secure eroding landscapes and restoring areas that capture high levels of carbon dioxide. The $2 billion pledge at COP26 is part of $10 billion that the Amazon founder committed earlier this year to spend by 2030 in an effort to battle climate change. “Our commitment today supports a three-fold imperative - we must conserve what we have, restore what we’ve lost, and grow what we need in harmony with nature,” the fund’s founder, Jeff Bezos, said in a statement. GLASGOW, Scotland - The Bezos Earth Fund pledged $2 billion Tuesday to fight climate change through landscape restoration and the transformation of agricultural systems. Luciana Tellez Chavez, an environmental researcher at the group, says strengthening Indigenous people’s rights would help prevent deforestation and should be part of the agreement.
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But the value of wood as a commodity and the growing demand for agricultural and pastoral land are leading to widespread and often illegal felling of forests particularly in developing countries.Ĭampaign group Human Right Watch cautions that similar agreements in the past have failed to be effective.
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More than $19 billion in public and private funds have been pledged toward the plan, which is backed by countries including Brazil, China, Colombia, Congo, Indonesia, Russia and the United States.įorests are considered important ecosystems and an important way of absorbing carbon dioxide - the main greenhouse gas - from the atmosphere. climate conference that it has received commitments from leaders representing more than 85% of the world’s forests to halt and reverse deforestation by 2030. government said Monday at this year’s U.N.
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GLASGOW, Scotland - Britain says it has gained the backing of more than 100 countries to end deforestation, which scientists say is a major driver of climate change.
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His trip comes just after a key parliamentary election in which his governing party and its coalition partner secured leadership. Kishida is also expected to hold talks with British Prime Minister Boris Johnson and a few other leaders during his several-hour visit. Tokyo announced in April a target of 46% reduction by 2030 from fiscal 2013 levels to achieve zero carbon emissions by 2050. Kishida is expected to outline Japan’s emissions reduction effort in his speech at the summit.