Sustainable land use in forestry and agriculture is critical to prosperous rural economies, inclusive development and dealing with climate change. But more than that, it is an enormous investment and growth opportunity for the private sector.
The importance of forests and agriculture to achieve the 2°C target of the Paris Agreement is undisputed. The consensus among scientists is that emissions reductions in agriculture, forestry, and other land use are “extremely important” to achieve global climate targets. From an economic point of view, forests and sustainable agriculture are often impressively cost-effective at-scale solutions to reduce emissions in the short term and getting to net-zero in the long term. What is more, new research by Chatham House suggests that agriculture and forestry may face an increasing risk of stranding assets– not only because of geo-physical impacts (droughts and desertification), but also because of regulatory and technology change.