The New York Declaration on Forests (NYDF)
Mas sobre The New York Declaration on Forests (NYDF)
What is the New York Declaration On Forests?
The New York Declaration on Forests (NYDF) is a voluntary and non-binding international declaration to take action to halt global deforestation. It was first endorsed at the United Nations Climate Summit in September 2014, and by October 2017 the NYDF supporters grew to include over 191 endorsers: 40 governments, 20 sub-national governments, 57 multi-national companies, 16 groups representing indigenous communities, and 58 non-government organizations. These endorsers have committed to doing their part to achieve the NYDF’s ten goals and follow its accompanying action agenda.
The NYDF has roots in other processes, and its aims overlap with the Sustainable Development Goals and the Paris Agreement adopted in 2015. Complementary processes include the 2011 Bonn Challenge to restore 150 million hectares of degraded land by 2020 and the Aichi Biodiversity Targets, which include at least halving the loss of all natural habitats. The declaration includes ambitious targets to end natural forest loss by 2030, with a 50% reduction by 2020 as a milestone toward its achievement. In addition, the declaration calls for restoring 350 million hectares of degraded and deforested lands by 2030, supporting the private sector in eliminating deforestation from the supply chains of major agricultural commodities by 2020, and providing financial support to reduce emissions related to deforestation and forest degradation. Achieving the NYDF goals could reduce the global emissions of greenhouse gases by 4.5–8.8 billion metric tons every year – equivalent to the United States’ annual emissions.
In September 2014, the New York Declaration on Forests (NYDF) outlined ten goals that provide endorsers – including countries, sub-national governments, companies, indigenous groups, and NGOs – with ambitious global targets to protect forests and end natural forest loss by 2030. In 2015, the first edition of the NYDF Progress Assessment both proposed a framework and respective indicators for measuring progress toward all ten goals and offered an initial assessment on the status of progress toward their achievement. The 2016 report provided an in-depth analysis of Goal 2, on eliminating deforestation from agricultural commodity supply chains. The third edition of the NYDF Progress Report (2017) focuses on Goals 8 and 9, assessing the state of finance aligned with forest and climate goals. It is accompanied by brief online updates on Goals 1-10.
The 2017 NYDF Goals 8 and 9 Assessment Report finds that support for the development and implementation of strategies to reduce forest emissions remains insufficient. The magnitude of finance is highly disproportionate to the investment needs and the mitigation potential of the forest sector. Finance for forests in deforestation countries accounts for just over one percent of global mitigation-related development funding. Yet, tropical forests can provide up to 30 percent of the climate change mitigation needed to meet the objective of the Paris Agreement.
In our assessment, we captured the flows of “green finance” aligned with forest and climate goals, and compared them with “grey finance,” which has an unclear but potentially negative impact on forests. The report provides a limited picture of the state of forest and climate finance, but despite data gaps, the message is clear:
While there are promising developments, total finance for Goals 8 and 9 – roughly USD 20 billion since 2010 – is insufficient and does not reflect the importance of forests as part of the climate solution. The amount is marginal compared to the USD 777 billion [1] in “grey finance” for the land sector that influences forests and is not clearly aligned with forest and climate goals. While not a measure of financial support or investment, the production value of the four key agricultural commodities in tropical countries exceeds USD 1 trillion, illustrating the large economic incentives in the sectors that drive deforestation.
Our findings show that more finance is required and that the transition to zero deforestation can be achieved only with a dramatic shift away from traditional investments in the drivers of deforestation toward those in sustainable agriculture and forestry. Only the coordinated and strategic use of finance can enable this transition by targeting the vast existing flows of investment that have an influence on forests. Addressing deforestation and moving toward a sustainable land-use sector also offer significant benefits and can contribute to higher returns, rural economic development, and recaptured government revenues.
This includes development finance to agriculture in deforestation countries, subsidies in key deforestation drivers in Indonesia and Brazil, and capital stocks in agriculture, forestry and fisheries in deforestation countries.More Information:
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