Deforestation is neglected by net zero financial institutions –
Deforestation should be more of a priority among financial institutions in order to tackle climate change, a major new report urges. Deforestation for agricultural commodities, including palm oil, soy, and beef, currently accounts for 10 per cent of global carbon dioxide emissions, more than the aviation sector. Action to halt the pillaging of forests is essential for achieving net zero targets but financial institutions are at the starting line when it comes to action, according to Global Canopy’s new Deforestation Action Tracker. The Tracker, which will become an annual accountability mechanism,...