To meet pledges to save forests spending must triple, U.N. report says

Four years after a global pledge to end deforestation, the amount of money going toward conserving and restoring forests is not enough, the analysis found.

Nations are not spending enough to ensure that the forests that cover nearly a third of the planet remain healthy, according to a new United Nations report. To meet various international climate, biodiversity and land restoration goals, annual global spending needs to triple to $300 billion by 2030, the report found.

Forests are the “quintessential definition of a public good,” because of the benefits they provide, said Gabriel Labbate, who leads the climate mitigation unit at the U.N. Environmental Program and is one of the lead authors of the analysis.

Read more on The New York Times.