COP27 to end the money pipeline driving global deforestation: change must begin at home

Global Witness calls for the UK, US, EU, and China to end the 'money pipeline' driving deforestation by replacing voluntary initiatives with binding national laws. The organization warns that the Amazon is approaching a tipping point and criticizes the failure of previous pledges, such as the 2014 New York Declaration on Forests. It specifically urges the UK to implement its Environment Act, the EU to finalize laws stopping bank funding for deforestation, the US to include financiers in due diligence regimes, and China to prohibit illegal timber imports and regulate commercial banking risks.

• The IPCC states that maintaining a global temperature increase below 1.5°C is impossible without ending land degradation and deforestation.
• Previous international efforts to stop forest loss have failed; the 2014 New York Declaration on Forests, which aimed to halve deforestation by 2020, is described as having 'failed miserably'.
• Deforestation rates in the Brazilian Amazon reached a six-year high in July 2022, while Bolivia saw its highest level of primary forest deforestation in over twenty years in 2021, exceeding almost 300,000 hectares.
• Financial institutions in the UK, USA, EU, and China provided an estimated $157 billion in deals to 20 agribusinesses linked to deforestation between 2016 and 2020.
• Global Witness criticizes the Forests & Climate Leaders’ Partnership (FCLP) for promoting 'forest positive' solutions and 'high-integrity' carbon markets, which the organization characterizes as ineffective or 'pure greenwashing'.

APA

Global Witness (n.d.). COP27 to end the money pipeline driving global deforestation: change must begin at home. https://globalwitness.org/en/campaigns/forests/cop27-to-end-the-money-pipeline-driving-global-deforestation-change-must-begin-at-home/

Chicago

Global Witness. COP27 to end the money pipeline driving global deforestation: change must begin at home. n.d. https://globalwitness.org/en/campaigns/forests/cop27-to-end-the-money-pipeline-driving-global-deforestation-change-must-begin-at-home/.

Wikipedia

{{cite press release |author=Global Witness |title=COP27 to end the money pipeline driving global deforestation: change must begin at home |url=https://globalwitness.org/en/campaigns/forests/cop27-to-end-the-money-pipeline-driving-global-deforestation-change-must-begin-at-home/ |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@misc{globalwitnessndcop27, author = {{Global Witness}}, title = {{COP27 to end the money pipeline driving global deforestation: change must begin at home}}, publisher = {Global Witness}, url = {https://globalwitness.org/en/campaigns/forests/cop27-to-end-the-money-pipeline-driving-global-deforestation-change-must-begin-at-home/}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }