Ahead of COP30, a new era of forest restoration and resilience is taking root

illuminem summarises for you the essential news of the day. Read the full piece on World Economic Forum blog or enjoy below:

🗞️ Driving the news: Ahead of COP30, significant strides are being made in forest restoration and resilience efforts
• Brazil and Mexico are leading the charge with Brazil's $1 billion commitment to the Tropical Forests Forever Facility and Mexico's ambitious national restoration plan
• These efforts signal a new era of forest conservation, aiming to tackle deforestation, restore degraded land, and enhance biodiversity and climate resilience

🔭 The context: Forest restoration is a critical component of global climate action, given that forests provide essential ecosystem services such as carbon sequestration, water regulation, and habitat for biodiversity
• The UN Decade on Ecosystem Restoration aims to restore degraded landscapes by 2030
• However, while deforestation rates are declining, they remain far from the global targets needed to mitigate climate change, with tropical primary forests continuing to disappear at an alarming rate

🌍 Why it matters for the planet: Forests are vital to addressing climate change, as they regulate temperature and rainfall, support food and water security, and provide livelihoods to millions
• Restoration efforts, such as Brazil's Tropical Forests Forever Facility and Mexico’s National Restoration Plan, demonstrate a growing commitment to not only halt deforestation but also to restore critical ecosystems
• These initiatives offer a financial return on investment and help build resilience against environmental and climate-related shocks

⏭️ What's next: As COP30 approaches, increased collaboration between governments, businesses, and civil society is expected to amplify forest restoration and conservation efforts
• Key discussions at the summit will focus on enhancing forest financing, advancing restoration projects, and ensuring that indigenous communities are actively involved
• The goal is to establish a scalable framework for global cooperation that aligns climate and biodiversity goals with local livelihoods and economic development

💬 One quote: “Brazil will lead by example and become the first country to commit one billion dollars to the facility,” said Brazilian President Luiz Inácio Lula da Silva

📈 One stat: Global forest restoration has the potential to generate $7-$30 in measurable returns for every $1 invested, making it a powerful tool for economic growth and climate resilience

Explore carbon credit purchases, total emissions, and climate targets of thousands of companies on Data Hub™ — the first platform designed to help sustainability providers generate sales leads!

Click for more news covering the latest on nature and ethical governance