By Augustine Nyuykongi
At least 100 leaders are expected to commit significant efforts to halt and reverse forest loss and Land degradation by 2030 at the COP26 Climate Summit.
The COP26 is the United Nations Climate Change Conference. It brings together almost all countries on Earth for global climate summits called ‘Conference of the Parties’. This year will be the 26th annual summit, giving it the name COP26, currently underway in Glasgow, Scotland.
Leaders at the COP26 will pledge to fight against deforestation, in what will be the biggest step in protecting the world’s forest. The pledge is backed by almost £14 Billion ($19 billion) in private and public funding.
Countries spanning from the northern forests of Canada and Russia to the tropical rainforests of Brazil, Colombia, Indonesia, and the Democratic Republic of the Congo will endorse the Glasgow Leaders’ Declaration on Forest and Land Use. The aforementioned countries constitute 85% of the World’s Forest.
The commitment is also expected to be supported by a pledge to provide £8.7 billion of public finance from 12 countries, including the United Kingdom from 2021-2025. It will also support activities in developing Nations in their fight against deforestation, tackling wildfires, and supporting the rights of indigenous communities.
One of the highest beneficiaries of this pledge will be the Congo basin, which is the second-largest tropical rainforest region in the world.
Representative of this Region at the Climate Change Summit pledged $1.5 billion of financing between 2021-2025. This donation will be to support ambitious efforts and results in the region to protect and maintain the Congo Basin forests, peatlands, and other critical global carbon stores.
The leaders of the Congo Basin also said they “intend to build on this in subsequent years, by seeking increased finance and investment from a wide variety of public and private sources while also improving coordination, effectiveness, and accessibility.”
Present amongst other world leaders at the COP26 are; President Felix Tshisekedi of the Democratic Republic of Congo, U.K Prime Minister Boris Johnson, HRH The Prince of Wales, President Joko Widodo of Indonesia, President Ivan Duque of Colombia, President Joseph R. Biden Jr. of the United States, and EU Commission President Ursula von der Leyen.