UN Report: Spending more on forests could reap huge benefits

By UN News Centre
Nairobi, Kenya (June 5, 1011)- According to the United Nations report, “Forests in a Green Economy: A Synthesis” released to mark World Environment Day, investing a relatively small amount each year in the forestry sector could halve deforestation, create millions of new jobs and help tackle the devastating effects of climate change. The report finds that an additional $40 billion spent each year in the forestry sector – or just 0.034 per cent of global gross domestic product (GDP) – could result in substantial environmental improvements.

Achim Steiner, Executive Director of the UN Environment Programme (UNEP), which issued the report, said forestry is one of the key sectors capable of helping the world transition to a ‘green economy’ model that is resource-efficient and low in its use of carbon. Jan McAlpine, the Director of the Secretariat of the UN Forum on Forests, said the capacity of poorer countries to switch to green economies and protect their stocks of forests needs to be strengthened.
“By reducing deforestation and forest degradation we can make significant progress in addressing the combined threats of climate change, biodiversity loss and land degradation,” Secretary-General Ban Ki-moon said in a message to a forestry conservation meeting held in Brazzaville, Republic of Congo.
Related Resource:
UN Report