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Investing a relatively small amount each year in the forestry sector could halve deforestation, create millions of new jobs and help tackle the devastating effects of climate change, according to a United Nations report released today to mark World Environment Day.

The report, "Forests in a Green Economy: A Synthesis," finds that an additional $40 billion spent each year in the forestry sector -- or just 0.034 per cent of global gross domestic product (GDP) -- could result in substantial environmental improvements.

The rate of deforestation could be halved by 2030, the number of trees planted could rise by 140 per cent by 2050 and as many as 30 million new jobs could be created by that same year.

Download Forests in a Green Economy: A Synthesis