A new project in Peru is setting out to overcome barriers to growing more trees on farms, to protect biodiversity and help the country meet its nationally determined contributions to reducing greenhouse gas emissions
by Rob Finlayson
Peru has more than 70 million hectares of tropical forests. However, between 2001 and 2016 the country lost more than 1.9 million hectares largely owing to expansion of agriculture, and the trend continues. Deforestation is responsible for 51% of Peru’s emissions of greenhouse gases.
SAN FRANCISCO, September 14, 2018 /3BL Media/ - As carbon pollution from global cattle production and tropical deforestation continues its alarming rise, 44 investors with approximately US $6.4 trillion in assets under management today called on companies sourcing beef and related cattle products to mitigate and eliminate deforestation risks from their supply chains.
The partnership marks the planting of 2 million trees in our nation’s forests
LINCOLN, Neb., July 30, 2018/3BL Media/— Warranty Solutions and the Arbor Day Foundation have reached a new milestone in their partnership by planting two million trees in our nation’s forests. The partnership began in 2009 to help improve air quality, water quality, mitigate the effects of climate change, combat deforestation and prevent species loss.
In April, Greenpeace released video footage showing that a palm oil supplier for major food companies, the Hayel Saeed Anam Group was destroying large swaths of rainforest in Indonesia, despite concerted efforts by industry stakeholders to stop forest destruction in palm oil supply chains. The repercussions for Hayel Saeed Anam Group are still unfolding, but recent history suggests that the outcome may well involve financial consequences.
Sumba in eastern Indonesia has been almost totally deforested, has only patches of thin soil on limestone savannahs and a wet season that has contracted to three months a year.
Restoring degraded land is a major global challenge made more urgent by a changing climate, warming world, increasing shortage of arable land and an exploding human population. The tropical regions of Earth have been historically among the wettest and most fertile, producing the familiar images of lush landscapes of thickly forested hills and valleys of rice fields. Yet large areas of the tropics are dry, deforested, degraded and unproductive. The island of Sumba in Indonesia’s easternmost province of Nusa Tenggara Timur is one such case.
Unilever and Nestlé made waves in February when they became the first global food companies to publish their entire palm oil supply chains — both their direct suppliers and the mills that indirectly supply them. Palm oil is a key ingredient for many of the companies’ products, from margarine to candy to soap and shampoo; yet, it has been a thorn in the side of their zero-deforestation commitments.
IFF has been identified as a global leader for its actions and strategies to manage environmental issues, and has been awarded a position on the Supplier Climate A List by CDP, the non-profit global environmental disclosure platform.
100 companies appear on the A List, which has been produced at the request of 99 CDP supply chain purchasing member organizations with a combined annual spend of over US$3 trillion.
January 25, 2018 /3BL Media/ - Ethical Corporation recently commissioned a 20-page complimentary briefing into the growing state of green finance, which goes into depth on the important role green finance has to play in tackling climate change.
Mark Hillsdon, a freelance sustainabilty journalist, says that "the system is structured to reduce the kind of long-term investment that we need. We want the financial system to solve our problems, not cause new ones."
The green bond market is worth $100bn, but $1trn is needed to fund the low-energy transition by 2020. Ethical Corporation recently commissioned a briefing into the growing state of green finance, which goes into depth on the important role it has to play in tackling climate change and assesses what it will take to move the global financial system on to a more sustainable footing.