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At the COP26 climate conference in Glasgow in 2021, 145 countries – representing 90% of the worlds forests – signed a deforestation pledge, committing to halt and reverse global deforestation by 2030. At COP26, the UN also set a deadline for companies and financial institutions to eliminate commodity-driven deforestation by 2025.
Besides, the pandemic has postponed the momentum towards COP26 or climate change movements like Greta Thunberg’s Friday’s for future. WBCSD, From Challenge to Opportunity: The role of business in tomorrow’s society, 2006. On the other hand, sustainability and climate change have never been so much in focus.
At the COP26 climate conference in November, the United Nations identified hydrogen as the “backbone” of our clean energy future. Larsen is pleased that his new investors include Toyota – with its manufacturing and supplychain expertise – and Italian oil giant Eni, with its experience in global energy markets. Next Hydrogen.
The role of forests as carbon sinks and sources of biodiversity is well recognised, but action to clean-up supplychains is slow to reduce deforestation rates. This explainer looks at how investors can encourage companies to remove the products of deforestation from their supplychains.
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