Climate change: financing global forests (The Eliasch review)

Source: U.K. Office of Climate Change
"Urgent action to tackle the loss of global forests needs to be a central part of any future international deal on climate change. A deal that provides international forest financing could not only reduce carbon emissions significantly, but also benefit developing countries, support poverty reduction and help preserve biodiversity and other forest services. Forestry, as defined by the IPCC, produces around 17 per cent of global emissions, making it the third largest source of greenhouse gas emissions - larger than the entire global transport sector. In the tropics, it is estimated that an area of forest the size of England is cleared every year, and current annual emissions from deforestation are comparable to the total annual CO2 emissions of the US or China."