money would be provided with the financial incentive to protect these vital carbon storing ecosystems instead. this is a hugely ambitious pledge from world leaders because of the sheer scale of it. we have destroyed over 50% of land based ecosystems, and this announcement is notjust about protecting forests to keep them standing, it s actually about starting to restore and put so much of our wild landscapes back. some scientists remain sceptical of the progress here. a survey of climate scientists suggests many are not confident that global emissions can be cut quickly enough to avoid a climate catastrophe. it is a mixture of promise and pessimism here in glasgow. while there has been some early steps forward and key agreements on issues like methane emissions and deforestation, those are voluntary agreements and they are going to be put to the test at the same time that scientists say we are running out of time to slash emissions. in the gulf between words and action, the global
you lljoin us for some of the reaction here, but i ll hand you life in the studio. christian, thanks very much indeed. world leaders have agreed to major deals to combat rising global temperatures. the first covers methane emissions in the second is on deforestation. the agreement on methane, led by america and the eu, aims to cut commissions of the gas by 20% by at least 2030 this despite some of the world has like biggest polluting countries not being involved in this. here s victoria gill. the visible flare of methane release. scientists say this potent greenhouse gas has been responsible for about half the human induced warming of the planet we ve experienced so far. now a global partnership to tackle emissions by plugging leaks
deforestation, whatever they may be, will not be invested in. and there s been an agreement by companies around the world that they will no longer support or invest in commodities like palm oil or whatever that result in deforestation. you ve heard what a big commodity producers have had to say about others. that s a massive step forward, a big change, and secondly the world financial institution have stepped up and said they won t finance companies that get involved in deforestation. so financial institutions worth trillions of pounds will not be supporting deforestation. and the pressure that comes from consumers around the world who will say to those banks, whether it s aviva or barclays, or anyone else if they break that pledge, there will be a
two or or who is going to score the extra two or three or who is going to score the extra two or three goals we still need? thank two or three goals we still need? thank you. two or three goals we still need? thank you, laura. i think that s entirely right in the sense that the issues remain very difficult. we ve seen some big moves on tackling deforestation. i think i talked about the indian move on decarbonising they power system in the way they re pledging to do is huge their power system. i think the commitment that japan huge their power system. i think the commitment thatjapan made on cash, the $10 billion overfive years, that s big money and that will make a big difference in engendering that confidence. but i think the crucial thing that is really happening, if there s one thing that starts to give me confidence are often ? my optimism, we are starting to create for the countries that find it visible to
and covering landfill sites is being announced at the cop26 climate conference in glasgow. the initiative, led by the us and eu, pledges to cut emissions of the gas by at least 30% by 2030. china, russia and india, some of the world s top methane emitters, have not signed up. some of the big emitters need to join the pledge. 50 china, russia, for example. if we are going to achieve those big reductions that we need, then they need to come on board as well. the loss of forests around the world, estimated to be responsible for about 15% of greenhouse gas emissions, has been the subject of this crucial climate summit s first major deal. countries who signed the agreement, including brazil, russia, china and indonesia, represented 85% of china and indonesia, represent 85% of the world s forests. the pledge, and the £15 billion behind it, has been broadly welcomed. but deforestation has actually increased since a similar pledge was launched in 2014, and it is not yet clear exactly how thos