World leaders summit on ‘Action on forests and land use’
Updated 18 July 2022
The COP26 World Leaders Summit ‘Action on Forests and Land Use’ event brought together an unprecedented alliance of governments, companies, financial actors, and non-state leaders to raise ambition on forests and land-use.
World Leaders Summit Action on Forests & Land Use
Political commitment
Over 140 leaders, accounting for more than 90% of the world’s forests, have committed to work together to halt and reverse forest loss and land degradation by 2030 in the Glasgow Leaders’ Declaration on Forests and Land Use.
The current list of countries that have endorsed the Glasgow Leaders’ Declaration on Forests and Land Use is available below. All countries are invited to join this effort and endorse the Declaration.
Mobilisation of finance
12 donor countries pledged to provide $12 billion (£8.75 billion) of public climate finance from 2021 to 2025 to a new Global Forest Finance Pledge. This will support action in developing countries, including restoring degraded land, tackling wildfires and advancing the rights of Indigenous Peoples and local communities.
In addition, 12 country and philanthropic donors pledged at least $1.5 billion (£1.1 billion) to protect the forests of the Congo Basin. This is the area home to the second-largest tropical rainforest in the world, which is critically important to global efforts to address climate change as well as to sustainable development in the region.
14 country and philanthropic donors also pledged at least $1.7 billion from 2021 to 2025 to advance Indigenous Peoples’ and local communities’ forest tenure rights and support their role as guardians of forests and nature.
In addition at least £5.3 billion ($7.2 billion) of private sector funding has been mobilised.
Shifting the financial system
CEOs from more than 30 financial institutions with over $8.7 trillion of global assets have committed to eliminate investment in activities linked to agricultural commodity driven deforestation, alongside the billions of private finance mobilised to support the forest economy through three flagship initiatives.
The Lowering Emissions by Accelerating Forest Finance (LEAF) Coalition exceeded its target of mobilising $1 billion in public-private commitments. LEAF will provide finance to tropical and subtropical countries that successfully reduce emissions from deforestation and degradation. Private finance will be provided only by companies already committed to deep emissions cuts in their own supply chains, in line with science-based targets. This is expected to become one of the largest ever public-private efforts to protect tropical forests and support sustainable development.
Nine multilateral development banks have also launched a joint statement outlining the actions they will take to mainstream nature into their policies, analysis, assessments, advice, investments and operations, in line with their respective mandates and operating models.
Trade in agricultural commodities
28 governments, representing 75% of global trade in key commodities that can threaten forests, have signed up to a new Forest, Agriculture and Commodity Trade (FACT) Statement. This statement is part of a Roadmap of actions designed to deliver sustainable trade and reduce pressure on forests, including support for smallholder farmers and improving the transparency of supply chains.
In addition, 12 of the largest companies managing over half of global trade in key forest-risk commodities such as palm oil, beef and soy have announced that by COP27 they will lay out a shared roadmap for enhanced supply chain action consistent with a 1.5 degree Celsius pathway.
The outcomes of the event demonstrate how action on forests and land-use can contribute to keeping the 1.5 temperature goal in sight, to supporting sustainable livelihoods, and to meeting shared promises on adaptation and finance.
Countries endorsing the Glasgow Leaders’ Declaration on Forests and Land Use
List of countries endorsing the Glasgow Leaders’ Declaration on Forests and Land Use as of 21 January 2022:
- Albania
- Andorra
- Angola
- Argentina
- Armenia
- Australia
- Austria
- Azerbaijan
- Bangladesh
- Belarus
- Belgium
- Belize
- Bhutan
- Bosnia and Herzegovina
- Botswana
- Brazil
- Brunei Darussalam
- Bulgaria
- Burkina Faso
- Cambodia
- Cameroon
- Canada
- Central African Republic
- Chad
- Chile
- China
- Colombia
- Costa Rica
- Côte d’Ivoire
- Croatia
- Cuba
- Cyprus
- Czechia
- Denmark
- Dominican Republic
- Democratic Republic of the Congo
- Ecuador
- El Salvador
- Equatorial Guinea
- Estonia
- Eswatini
- European Commission on behalf of the European Union
- Fiji
- Finland
- France
- Gabon
- Georgia
- Germany
- Ghana
- Greece
- Grenada
- Guatemala
- Guinea Bissau
- Guyana
- Haiti
- Holy See
- Honduras
- Hungary
- Iceland
- Indonesia
- Ireland
- Israel
- Italy
- Jamaica
- Japan
- Kazakhstan
- Kenya
- Kyrgyzstan
- Latvia
- Lebanon
- Liberia
- Liechtenstein
- Lithuania
- Luxembourg
- Madagascar
- Malawi
- Malaysia
- Mali
- Malta
- Mauritania
- Mauritius
- Mexico
- Moldova
- Monaco
- Mongolia
- Montenegro
- Morocco
- Mozambique
- Nepal
- Netherlands
- New Zealand
- Nicaragua
- Niger
- Nigeria
- North Macedonia
- Norway
- Pakistan
- Panama
- Papua New Guinea
- Paraguay
- Peru
- Philippines
- Poland
- Portugal
- Republic of the Congo
- Romania
- Russia
- Rwanda
- Saint Lucia
- Saint Vincent and the Grenadines
- Samoa
- San Marino
- Sao Tome and Principe
- Senegal
- Serbia
- Seychelles
- Sierra Leone
- Singapore
- Slovakia
- Slovenia
- Somalia
- South Korea
- Spain
- Sri Lanka
- Suriname
- Sweden
- Switzerland
- Syria
- Tanzania
- Thailand
- Togo
- Tonga
- Turkey
- Turkmenistan
- Uganda
- Ukraine
- United Arab Emirates
- United Kingdom
- United States of America
- Uruguay
- Uzbekistan
- Vanuatu
- Vietnam
- Zambia
- Zimbabwe
Watch the event
Hear from some of the World Leader’s who have endorsed the Glasgow Leaders’ Declaration on Forests and Land Use.
COP26 World Leaders Summit Forest and Land-Use event on YouTube.
See more photos from the World Leaders Summit event on Flickr.