Also, in the period 2007-2016 some 23% of global carbon dioxide emissions stemmed from deforestation and forest degradation contributing significantly to the pressing climate crisis. In the last three decades, large numbers and varieties of global forest policy initiatives and institutions have evolved; each of them addresses different aspects of forests and their management while there are also overlaps. One of the most serious consequences of deforestation is the loss of biodiversity, with an estimated annual extinction of 50,000 species. Many "new" global governance initiatives borrow heavily on existing strategies that reinforce power inequalities. The day will not be saved by political grandstanding about other countries’ problems, brand-friendly ‘zero deforestation’ commitments, or Big Data.
