COP26: Canada joins more than 100 countries vowing to end deforestation by 2030

More than 100 global leaders have pledged to halt and reverse deforestation and land degradation by the end of the decade, underpinned by $19 billion in public and private funds to invest in protecting and restoring forests.

"I'm told that today 110 leaders have come together, representing over 85 per cent of the world's forest estate to work together to halt and reverse deforestation and land degradation by 2030," British Prime Minister Boris Johnson told the COP26 climate summit in Glasgow on Tuesday.

The promise, made in a joint statement issued late on Monday at COP26, was backed by the leaders of countries including Brazil, Indonesia and the Democratic Republic of Congo, which collectively account for 85% of the world's forests.

The Glasgow Leaders' Declaration on Forest and Land Use will cover forests totalling more than 13 million square miles, according to a statement released by the UK prime minister's office on behalf of the leaders.

U.S President Joe Biden said a new U.S. plan would "help the world deliver on our shared goal of halting natural forest loss" and restoring at least an additional 200 million hectares of forest and other ecosystems by 2030.

"We're going to work to ensure markets recognize the true economic value of natural carbon sinks and motivate governments, landowners and stakeholders to prioritize conservation," Biden said.

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