Over 100 world leaders are set to commit to end and reverse deforestation by 2030, in the COP26 climate summit’s first major deal
Brazil, where large parts of the Amazon rainforest have been cut down, will be among the signatories collected on Tuesday, supporting the end of deforestation.
The pledge includes almost $19.2bn USD of public and private funds.
Experts have welcomed the move but many have warned a previous deal in 2014 had “failed to slow deforestation at all” and commitments needed to be delivered on, as promised this time.
Felling trees contributes to climate change because it depletes forests that absorb vast amounts of CO2 emissions.
The two-week long UN summit held in Glasgow is seen as critical – as world leaders unite to reveal their respected nation’s plans to act on climate action.
Deforestation of Brazil’s Amazon Forest / Image: Supplied
Who exactly will commit to deforestation?
Among the 100 countries who say they will sign the pledge include Brazil, Canada, Russia and Indonesia – each in which cover around 85% of the world’s forests.
Parts of the provided funding will go to developing countries to restore damaged land, tackle wildfires and support indigenous communities.
Governments of 28 countries will also commit to remove deforestation from the global trade of food and other agricultural products such as palm oil, soya and cocoa.
These industries drive forest loss by cutting down trees to make space for animals to graze or crops to grow.
More than 30 of the world’s biggest companies will commit to end investment programmes linked to deforestation.
UK Prime Minister Boris Johnson, who is hosting the global meeting in Glasgow, has labeled the commitment as a “landmark agreement to protect and restore the earth’s forests”.
US President Joe Biden addresses the COP26. / Image: File
Todays actions building on tomorrows future:
US President Joe Biden addressed the summit on Monday, stating that the United States will “lead by example” when it comes to implementing actions, targets and measures that address climate action.
The President called on world leaders to unite on the agenda, warning no country can escape what is to come if policymakers fail to seize the opportunity of making a change to global emissions.
“Right now, we’re still falling short. There’s no more time to hang back or sit on the fence or argue amongst ourselves,”
Biden said.
Boris Johnson at COP 26 / Image: File
Underwhelming G-20 summit
Biden’s arrival in Scotland’s largest city comes shortly after leaders of the world’s 20 largest economies appeared to fall short of meaningful climate pledges in Rome, Italy, over the weekend.
Rome’s G20 summit resulted in countries agreeing to pursue “meaningful and effective” action to cap global heating to 1.5 degrees Celsius – that’s a threshold that is seen as critically important to avoid disaster.
However, the group offered few concrete actions to target climate change, with no explicit commitment to net-zero carbon emissions by 2050.
Investors remain calm amid Trump’s 15% tariffs, focusing on future policy uncertainty and inflation risks instead.
Investors are largely unfazed as U.S. President Donald Trump’s new tariffs officially come into effect. The administration has introduced a blanket 15 percent levy on imports, initially set at 10 percent under temporary regulations, but markets have responded with little drama. Analysts suggest traders have grown accustomed to tariff announcements, limiting any immediate shock to equities.
While the headline policy shift is significant, experts argue the real concern lies elsewhere. Ongoing uncertainty around global trade policy and the potential for further measures is keeping investors cautious. Rather than reacting to the current rate, markets appear more focused on what could come next.
Inflation pressures also remain firmly on the radar, as higher import costs could feed into consumer prices over time. For now, however, the broader market landscape looks largely unchanged, with investors taking a wait-and-see approach.
Savannah Guthrie’s family offers $1M reward for info on her missing mother, as FBI investigates suspect linked to DNA evidence.
The family of US television host Savannah Guthrie is offering a staggering $1 million reward for information leading to the recovery of her missing mother, Nancy Guthrie. Nancy was last seen on January 31 after being dropped off at her home near Tucson, Arizona, before she was reported missing the following day.
Authorities, including the FBI, have been investigating the disappearance, previously raising the reward to $100,000 as the search intensified. Investigators have now obtained a DNA sample from a glove found near Nancy’s home, believed to be linked to a suspect captured in doorbell camera footage before her suspected abduction.
Savannah shared a heartbreaking message as the desperate search continues, with her family urging anyone with information to come forward. The case has gripped the nation as officials pursue every possible lead.
In Short:
– Prime Minister Albanese was evacuated from The Lodge due to a security threat.
– Australian Federal Police confirmed no current threat to public safety.
Anthony Albanese has been evacuated from The Lodge in Canberra due to a security threat.Federal police relocated the Prime Minister to a secure location around 6 pm.
A comprehensive search of the protection establishment is ongoing.
The Australian Federal Police confirmed there is no current threat to public safety.
An Australian Federal Police spokesperson said they were alerted to an alleged security incident at the property, near Parliament House.
“A thorough search of a protection establishment was undertaken and nothing suspicious was located,” a statement said.
“There is no current threat to the community or public safety.
The scene at The Lodge. Photo Credit: Lexie Jeuniewic
“Further information will be provided at an appropriate time.”
This incident follows a recent event where a man was shot dead by Secret Service agents after breaching the perimeter of Donald Trump’s Mar-a-Lago estate in Florida, while Mr Trump and his wife Melania were in Washington.
Security Incident
Prime Minister Albanese’s evacuation highlights ongoing security concerns. Authorities are increasing vigilance in light of recent events involving high-profile figures.
Coordination between federal and local agencies remains crucial to ensure safety and security protocols are effectively executed.
Earlier in the day, Albanese recorded an hour-long interview with journalist Karl Stefanovic at The Lodge.
Last week, Mr Albanese urged Australians to “turn the temperature down” following a major defence event in Canberra that was disrupted by police-investigated incidents.
Hundreds of attendees at the ADM Congress were evacuated after a suspicious package was discovered.The bomb squad was then deployed to the scene.
During another address, a rock was thrown through a hotel window causing a scramble for the exits.
The evacuation of The Lodge comes amid heightened concerns about threats directed at elected officials across Australia.