A conference bringing together more than 60 nations Thursday added $1 billion to the fight against deforestation and boosted the morale of those hoping to save the world's forests — a key defense against global warming.
Three months after a morose ending to climate change talks in Copenhagen, the one-day ministerial meeting in Paris attended by heavily forested countries such as Indonesia and those in the Amazon and Congo basins amounted to a confidence-builder for nations wondering what comes next in the battle against deforestation, many delegates said.
A new study, launched on the eve of UNEP's Governing Council/Global Ministerial Environment Forum taking place in Bali, Indonesia, has analyzed the pledges of 60 developed and developing economies (more Information on the 11th Special Session of the UNEP GC/GMEF)
"Cutting down the worlds forests is responsible for about a fifth of global carbon emissions, but what many people may not realise is that this is linked to the illegal trade in timber. This is a major problem for many timber-producing countries in the developing world. It not only causes environmental damage, but costs governments billions of dollars in lost revenue, often involving corruption and funds armed conflict."