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World has jumped on the net-zero bandwagon

·         In climate change negotiations, Reducing Emissions from Deforestation and Forest Degradation (REDD) and its addition on conservation of forests stocks (REDD+) was originally the framework to implement nature-based solutions.

·         At the 2013 UN climate change conference (COP19), the Warsaw Framework for REDD+ was adopted.

·         In 2015, Paris Agreement recognised this and enclosed it in Article 5; parties reiterated their commitment to implement REDD+. currently with internet zero, the call to use forests as “sinks” is growing.

·         In could 2021, the cluster of Seven countries (Canada, France, Germany, Italy, Japan, United Kingdom and US) pledged the goal of “conserving or protective a minimum of thirty per cent of world land and a minimum of thirty per cent of the world ocean by 2030”.

·         World Economic Forum published in collaboration with McKinsey and Company a report, “Nature and internet Zero”.

·         According to this, nature-based solutions give a “potential of [removing] close to seven GtCO2 per annum, sufficient  to deliver around one-third of the 2050 target [to cut emissions by fifty per cent over 2010 levels]” and this value is less than technological solutions.

·         The bulk of this can come from “avoided emissions, deforestation, peatland restoration, re-afforestation and cover crops”.

·         Currently, land—forests, grasslands and alternative biomes—absorb concerning thirty per cent of carbon dioxide emissions from act.