State of the World’s Forests 2024 Report

Food and Agriculture Organization (FAO) released State of the World’s Forests 2024 Report

The State of the World's Forests
          FAO’s The State of the World’s Forests

Food and Agriculture Organization (FAO) released State of the World’s Forests 2024 Report.and its Theme for this year: “Accelerating forest solutions through innovation”.

 

Key highlights of State of the World’s Forests 2024 Report

  • Deforestation Rate declined to 10.2 million hectare (ha) per year in 2015–2020 from 15.8 million ha per year in 1990–2000.
    • India ranked 3rd for average annual net gain in forest area from 2010- 2020.
  • Non-Timber Forest Products support livelihoods of about 275 million people in India.

Why Need for Innovation in Forest Sector?

  • Climate change related stress (wildfire, pest): Innovative forest and land management strategies needed for resilience.
  • Shift towards bioeconomy: Zero-carbon bioeconomy needs innovation for diverse, efficient wood-based product uses.
  • Opportunity from non-wood forest product: Many wild forest-based foods, including fish, are rich in micronutrients and have high nutritional content.

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FAO: State of the World's Forests 2024 Report | ESG Mena

Five types of innovation enhancing potential of forests and trees to address global challenges

  • Technological: Remote-sensing & cloud computing generate high-quality forest data, thereby, improve forest management processes. E.g., NASA and ESA’s Landsat and Copernicus programs.
  • Social, Policy and Institutional: All interrelated and dynamic innovations to better engage women, youth and Indigenous People. E.g., India’s Joint Forest Management Programme mandates 1/3rd female representation on committees.
  • Financial: Innovations to enhance value of standing forests, boost restoration efforts, etc. E.g. Innovations like SCRIPT (Soft Commodity Risk Platform).

Barriers to development of innovations in forest sector

  • Lack of innovation culture discouraging curiosity, creativity and risk-taking.
  • Capital limitations like human (deficient skill); natural (limited access to forest); social (restricted tenure rights), etc.
  • Lack of policy support impacting technology adoption.

Recommendations to scale up innovation

  • Recognizing and rewarding innovation can help foster conducive culture.
  • Boost skills, capabilities and knowledge to ensure that forest-sector stakeholders have capacity to manage innovation creation and adoption.
  • Provide opportunities for knowledge and technology transfer, and build appropriate safeguards.
  • Ensure universally accessible financial resources.

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