Seoul, May 2 : With the world facing multiple crises including, Covid-19, conflicts, climate crisis and biodiversity loss, the forests can help recover from their impact, but only "if we step up action to unlock their potential". In a key report launched on Monday, the State of the World's Forests Report 2022, the Food and Agriculture Organization (FAO) of the UN sets out three pathways for doing that: halting deforestation; restoring degraded land and expanding agroforestry and sustainably using forests and building green value chains. "The balanced, simultaneous pursuit of these pathways can help address the crises facing people and the planet while also generating sustainable economic benefits, especially in (often remote) rural communities," FAO Director-General QU Dongyu writes in the foreword to the report, subtitled "Forest Pathways for Green Recovery and Building Inclusive, Resilient and Sustainable Economies", which was launched at the XV World Forestry Congress in Seoul. The pathways are put forward "on the understanding that solutions to interrelated planetary crises have immense economic, social and environmental implications that need to be addressed holistically", Qu adds. The key arguments of the report are that: Halting deforestation and maintaining forests could avoid emitting around 3.6 gigatonnes of carbon dioxide equivalent (GtCO2e) per year between 2020 and 2050, including about 14 per cent of what is needed up to 2030 to keep planetary warming below 1.5 degrees C, while safeguarding more than half the earth's terrestrial biodiversity. Restoring degraded lands and expanding agroforestry -- 1.5 billion hectares of degraded land would benefit from restoration, and increasing tree cover could boost agricultural productivity on another one billion hectares. Restoring degraded land through afforestation and reforestation could cost-effectively take up to 1.5 GtCO2e per year out of the atmosphere between 2020 and 2050 similar to taking up to 325 million gasoline-powered passenger cars off the road each year. Sustainably using forests and building green value chains would help meet future demand for materials, with global consumption of all natural resources expected to more than double from 92 billion tonnes 2017 to 190 billion tonnes in 2060, and underpin sustainable economies with greater employment opportunities and more secure livelihoods. Societies could make better use of forests and trees to simultaneously conserve biodiversity, better provide for human well-being, and generate income, particularly for rural people, the report says, arguing that "there will be no healthy economy without a healthy planet". But, current investment in forests falls way short of what's required. According to one estimate, total financing for the forest pathways needs to increase threefold by 2030 and fourfold by 2050 for the world to meet climate, biodiversity and land degradation neutrality targets, with the estimated required finance for forest establishment and management alone amounting to $203 billion per year by 2050. The report says the ways for swiftly moving along the pathways may include: Directing funding for recovery towards long-term policies aimed at creating sustainable and green jobs and further mobilizing private-sector investment; and empowering and incentivizing local actors, including women, youth and indigenous peoples, to take a leading role in the forest pathways. FAO's Forestry Programme is focused on bringing about transformation that benefits forests and the people who depend on them and helping to achieve the 2030 Agenda for Sustainable Development and the Sustainable Development Goals. /IANS