International Union of Forest Research Organizations (IUFRO), a non-profit organisation has released report titled International Forest Governance: A Critical Review of Trends, Drawbacks, and New Approaches. 

•  It is the first global synthesis report on IFG (refer to box) since 2010, summarises the most significant developments on IFG after 2010.
• Report has been released in the backdrop of the 19th session of the UN Forum on Forests (UNFF19). 

Key Concerns related to IFG

• IFG has had limited success in reducing deforestation. 
  • Rate of deforestation is about 10 million hectares per year as of 2020 (Food and Agriculture Organization).
• It is more crowded and fragmented than ever due to the proliferation of new actors and instruments.
• Increasing urgency of the climate crisis has influenced the commodification of forests for their carbon sequestration potential. 
  • This has led to the rise of new markets for carbon and biodiversity that often focus on short-term economic gains over long-term sustainability and justice.
  • Phenomenon is also referred to as climatisation of forests. 
• Role of Community-led and philanthropic financing mechanisms is limited. 

Recommendations 

• Setting prices on environmental and social externalities, recognition and management of public goods, and establishing alternative funding schemes. 
• Adopting a Polycentric governance approach in an interdependent system.