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Will the finance sector rise to the deforestation challenge?

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By Pei Chi Wong, Strategic Finance Engagement Lead at Global Canopy

This article was originally published on the UKSIF Opinion Page.

Deforestation poses well-documented financial and systemic risks. Forests are cleared to make room for agricultural commodities, with…

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Global nature targets hinge on eliminating deforestation. Progress must happen as soon as possible – and can be made quickly

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Without urgent action on deforestation – which accounts for around 11% of emissions – net zero is out of reach. Over 90 percent of all deforestation is a result of clearing land for a handful of commodities like beef, soy, palm oil and timber. But this is not inevitable; commodities can be produced sustainably.