18/07/2024 (Agence Europe) – WWF Europe regrets that the consequences of deforestation do not prevent the projects that cause it from being financed. In view of this, the NGO published ‘Deforestation and Conversion: An introductory guide for central bankers, financial regulators and supervisors’ on Wednesday 17 July. WWF regrets that financial institutions do not recognise land use change as a risk, even though it is “one of the main factors contributing to climate change and the loss of nature”, explains WWF. As of October 2022, $6.1 trillion was given by financial institutions to 350 companies linked to deforestation, according to Global Canopy. WWF points out that although the ‘Imported Deforestation’ regulation (see EUROPE 13212/30) does not directly cover financial institutions, the Commission is obliged to assess the need to include them by 30 June 2025. (FS)