Financial investment: the key to combating deforestation and climate change

💰 Money has contributed to deforestation worldwide, leading to environmental consequences.

🌳 Paying for the protection and restoration of trees can help address deforestation.

🌍 Costa Rica's experience is a prime example of the devastating effects of deforestation driven by foreign markets.

🌳 Around 10 million hectares of forest are lost each year, contributing to climate change.

🌍 Deforestation in Brazil has increased by around 50% from 2019 to 2022.

💰 Rich countries should incentivize poorer countries to protect and restore their forests.

🌲 Conserving existing forests is beneficial to combat deforestation.

💰 Developing countries can receive financial rewards for conserving forests based on their deforestation rates.

🌍 Carbon credits are used to offset emissions and are important for transitioning to a net zero economy.

🌍 The Paris agreement promotes a global scheme for exchanging carbon credits, but establishing rules and standards has been challenging.

💰 Carbon credit schemes need to offer competitive rewards for conserving trees in order to achieve their full potential.

🌳 Costa Rica's successful conservation model involves paying landowners to restore and conserve forests, creating sustainable economic opportunities.

💰 Payments for Environmental Services (PES) is a system where citizens pay for the restoration and protection of forests.

🌳 Costa Rica's PES scheme is funded by a levy on consumers' water bills and taxes on fuel use.

🌎 Over 500 million dollars have been invested in forest conservation in Costa Rica through the PES scheme.

🌳 The restoration of trees has created new opportunities for profitable and sustainable industries, challenging the idea that conservation and economic development are incompatible.

💼 Costa Rica's prioritization of conservation has led to an average annual GDP growth of 4.2% since 1987, showcasing the potential benefits of balancing environmental preservation and economic development.

💰 While global spending on nature protection is significant, the amount spent on subsidies that harm the environment is twelve times higher, suggesting the need for a fundamental shift in society's focus on profits and growth.

🌍 Climate change and deforestation are major global challenges.

💰 There is a need to prioritize economic policies that value preserving nature over deforestation.

⏳ Urgent action is required to reduce industrial emissions and decarbonize economies.