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Monday, September 12, 2011

UNEP says forest protection to create 5m jobs

A new report from the United Nations’ Environment Programme (UNEP) has shown that spending about N6.24 trillion, just 0.034 per cent of the global Gross Domestic Product (GDP) annually in forest protection would create estimated 5 million jobs worldwide.

The Citizen reports that such investment would allow forests to absorb 28 per cent more carbon from the atmosphere.

UNEP further said in the report that the proposed investment would lead to about 140 per cent rise in the number of new trees to be planted and increase employment in the forest sector, which currently at 25 million to 30 million by the middle of the century.

Additionally, the report stated that public and private sectors could be sourced for finance using strategies that pay landowners for maintaining the ecosystems.

With a drop in the annual net forest since 1990 from about eight million hectares to about five million hectares, it is reported that the amount of forested areas has actually increased over those 20 years in some regions of Asia, the Caribbean and Europe. Read more

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