Mitigation Research

Forestry: Strategy Report

Summary

Giving Green investigated interventions that add more trees or prevent tree loss. We evaluated interventions based on their importance (mitigation potential), tractability (likelihood of progress), and neglectedness (need for additional funding).

Many forestry interventions are important, but tractability and neglectedness can be limited. For example, interventions that stop deforestation in one area may shift tree loss elsewhere. Also, forestry projects are generally relatively well-funded. For instance, various foundations have committed $5B to protect and conserve 30 percent of Earth, including forests (Wildlife Conservation Society, 2021). Therefore, we do not believe most forestry projects offer philanthropists the greatest value for money.

However, reducing livestock demand may be promising for preventing deforestation because demand for agricultural land is a significant driver of deforestation. In particular, significant amounts of forestland are cleared to make way for beef, palm oil, and soy production. In our 2022 food sector investigation, we found that supporting alternative proteins may be the most cost-effective way for donors to help reduce meat consumption. Tying this with our deforestation research, we believe replacing some meat consumption with alternative proteins (e.g., plant-based burgers) may be a cost-effective way to prevent forest destruction. However, alternative proteins have not yet dented beef consumption, and there is limited evidence for how they may scale in the future as they improve in price, taste, and convenience. Therefore, we will continue to evaluate alternative protein funding opportunities as this field develops.

In 2022, we investigated organizations promoting alternative proteins, including the Good Food Institute, New Harvest, and the Plant Based Foods Institute. We wrote shallow dive reports on New Harvest and the Plant Based Foods Institute. We wrote a deep dive report on the Good Food Institute and classified it as one of our top recommendations to reduce climate change.We also refreshed our forest carbon offsets report since many forestry projects finance themselves through offsets, which are in high demand. We believe there is value in directing businesses towards forestry offsets that are high-quality and cost-effective.

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