
There is no solution to the growing climate and nature crisis the world faces without a solution to deforestation. Currently, two thirds of tropical deforestation is driven by agricultural expansion to produce commodities such as soy, palm oil, timber, and beef. Over the last decade leading companies, financial institutions and governments took on ambitious commitments to address deforestation in their supply chains and financing by 2020. But by the start of 2020 – the year the problem was to have been all but resolved – even the leaders have fallen well short of their targets, and tropical primary forest loss had increased by 44% since the signing of the landmark New York Declaration on Forests, announced by the Secretary General at the UN General Assembly in 2014.
