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To Save Nature, Countries Should Eliminate Subsidies That Harm Forests

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To Save Nature, Countries Should Eliminate Subsidies That Harm Forests

Governments around the world are handing bioenergy and the other industries harming forests tens of billions of euros in subsidies.

How much does saving nature cost? One estimate puts it at around $900 billion per year. Yet, instead, many governments spend hundreds of billions every year harming nature. If we want to get serious about reversing the climate and nature crises, we must eliminate environmentally harmful subsidies and redirect that money toward saving our planet.

This need to stop environmentally harmful subsidies and incentives is one of the topics that countries (including the United Kingdom and European Union) will discuss at this year’s Convention on Biological Diversity (CBD) under Target 18 of the Global Biodiversity Framework, which instructs countries to reduce harmful incentives by at least $500 billion per year. In these discussions, we hope countries recognize that subsidies driving forest harm and destruction are ripe for reduction.

Every year, millions of hectares of primary rainforest are lost , and the Global North’s temperate and boreal forests are clearcut to such a degree that they ’re on course to become overall emitters of carbon later this century. U. K. are subsidizing the industries driving forest loss with billions every year. This includes sectors like bioenergy, commercial logging, agriculture, transport, and housing. , and the European Commission— handed bioenergy and the other industries harming forests €16 billion in subsidies in 2024 alone . U. countries.



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