Glenn Hurowitz’s Post

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Founder and CEO at Mighty Earth

Huge, huge, huge news: In 2021, deforestation for palm oil declined to less than 5% of historical levels!! It's the fifth year in a row with deforestation at less than a quarter of the historical level of one million acres per year. I can't emphasize enough what a big deal this is: it's happened at the same time that commodity prices are through the roof, with palm oil at an all-time record of $1485 per ton. According to conventional wisdom, high commodity prices fuel deforestation, but that's not happening. That means something huge that's been our holy grail: the link between deforestation and agricultural expansion in palm oil seems to have been broken. The success in palm oil is replicable. We can break the link between agricultural expansion and deforestation for other commodities that drive even more deforestation like meat - if we can get the resources for the kinds of campaigns that prevailed in palm oil. This gigaton-scale climate win is a huge tribute to the many people and organizations that have worked to make it happen. Please share; we all need some good news right now. If we can scale this success, we can make sure these orangutans and many other creatures keep swinging! https://lnkd.in/dBCS2Z5c

  • happy orangutans
Urs Schenker

Team Leader Sustainability at Nestlé

2y

Great news! It feels like this is rare these days!

Peter Elwin

Sustainable food systems | ESG, Equities, and Fixed Income specialist | Research and investment process | Natural capital analysis | Independent Trustee | Financial training |

2y

This is great news Glenn Hurowitz. Now we need to achieve the same with respect to #soy !

Justin Dawe

Founder/CEO of Earth Force

2y

I've said it before, and I'll say it again: Mighty Earth is the most effective environmental organization in the world, pound for pound, and that qualifier isn't going to be needed for long. Amazing work you and your team do.

Charles McNeill

Senior Fellow, Meridian Institute, former Senior Advisor, Forests & Climate, Interfaith Rainforest Initiative, UN Environment Programme (UNEP)

2y

Thanks so much Glenn for this incredible news and thanks for your amazing work.

Divya Narain

Postdoc, University of Oxford; PhD, University of Queensland

2y

Great news but the causality needs to be conclusively established before we can rejoice.

Adrien Legrain

Net Zero Manager at Nestlé

2y

Thanks for sharing this article. However, only three countries are described, and I don’t see the number 5%, would you have another reference for this number? Also the main reason of lower deforestation rates provided by the article is the covid crisis which affected a lot Indonesia in 2021. I am not so pessimistic personally, but I just don’t find the same enthusiasm in the article than in your post. ;)

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Mary Cerulli

Founder, Climate Finance Action

2y

We are working this shareholder season to hold Bunge and ADM and their board of directors accountable for deforestation and human rights abuses. Especially with pension plans that have enacted 1.5C proxy voting policies.

Jean-Baptiste Jouve

Debt Financing | West Africa

2y

Good news! We hope this trend remains the same. New developments may need high commodity prices for a relatively long time before the investment seems economically viable for the promoters..

Alun Hatfield

Project Broker at Howe Robinson Partners

2y

A thing to celebrate would be the increase of rain forest not its decline

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Thanks Glenn for being one of the few who always acknowledge the progress made in palm. Not perfect, but very much improved, and the work continues.

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