Financial institutions in China are the world’s second-largest financier of commodities which are driving tropical rainforest deforestation, according to a new study by Forests & Finance, a coalition of research groups and civil society organisations from the US, Indonesia, Netherlands, Brazil and Malaysia that tracks countries’ financing that causes deforestation.

What is Happening?

You might also like: US Senate Votes to Restore Obama-Era Rule Limiting Methane Leaks

Tom Picken, Director of RAN’s Forests & Finance Campaign, says, “The world’s big economies talk big on climate action yet continue to turn a blind eye to their own banks funding tropical deforestation. China and other major economies must put their weight behind real measures to stop deforestation, protect forest communities, and slow climate change – by regulating the financial sector.”