Governments have put in place efforts to tackle this problem, but global deforestation continues to be a pressing issue and this could be due to the lack of political will to enforce relevant anti-deforestation measures, prevalence of illegal logging activities as well as the financial incapability of countries …show more content…
With climate change as a prevalent threat to life on Earth, deforestation worsens the problem of climate change and contributes to about 15% percent of annual greenhouse gas emissions, with it contributing to 1/3 of the total carbon dioxide emissions released by human activities. It not only increases the amount of greenhouse gas emissions in the atmosphere, it also results in fewer trees absorbing these harmful greenhouse gas emissions from the …show more content…
Capital is the lifeblood of many palm oil companies and this move by the Norwegian government will thus create pressure on companies in the agricultural industry to be more environmentally-conscious if they intend to have access to global capital