Making good on the Glasgow Climate Pact: a call to action to achieve one gigaton of emissions reductions from forests by 2025
The world is not on track to achieve forest goals of ending and reversing deforestation by 2030, critical for a credible pathway to the 1.5°C Paris Agreement goal, according to a new report by the UN-REDD Programme, UN Environment Programme World Conservation Monitoring Centre (UNEP-WCMC) and the Green Gigaton Challenge (GGC). It finds that for the 2030 goals to remain within reach, a one gigaton milestone of emissions reductions from forests must be achieved not later than 2025, and yearly after that. The report, Making good on the Glasgow Climate Pact: a call to action to achieve one gigaton of emissions reductions from forests by 2025, finds that current public and private commitments to pay for emissions reductions are only at 24% of the gigaton milestone goal. Only around half of these commitments have been realized through signed emissions reduction purchase agreements and none of the funding for these commitments has yet been disbursed.