Cop26: Funding for protecting nature and shift to sustainable farming

Irish Times | Nov 6, 2021 at 4:14 PM
  • Accelerated action and investment to safeguard nature and shift to more sustainable farming methods have been announced at Cop26 by 45 countries, led by the United Kingdom.
  • On Tuesday, more than 100 world leaders pledged to halt deforestation by the end of the decade and committed $12 billion (€10.4 billion) in public funds to that effort; the private sector committed another $7.2 billion.
  • The UK is to spend at least £3 billion (€3.5 billion) of its international climate finance on nature and biodiversity and include a new £500 million package to help protect five million hectares of rainforests from deforestation, “an area equivalent to over 3.5 million football pitches”.