World
2024-04-05-tropical-forest-loss

Countries like Brazil are seeing the forest for the trees

Since much of the news nowadays is populated by terror-inducing climate developments, the occasional silver lining in the environmental sphere is to be savored (though, not without some caution).

The World Resources Institute’s annual survey for 2023 found that 3.7 million hectares of primary tropical forests were lost globally last year. That’s 9% less than the year before, and 39% less than in 2016, when fires across the Amazon caused staggering reductions — but still the equivalent of ~10 soccer fields of forest being destroyed every minute.

Major shifts in Brazil and Colombia, which saw year-on-year drops in primary forest loss of 36% and 49%, respectively, helped these figures substantially. Indeed, both countries have seen new leaders enact environmental policies to reduce deforestation, including increasing funding for protecting areas and offering incentives for alternative uses of the land.

Unfortunately, on a longer time horizon, the chart above reveals little substantial progress — and, if the promise made by 145 nations at COP26 to end deforestation by 2030 is to be met, there remains a lot of work to be done. While fire-related losses, like those seen in Canada last year, are harder to contain, reduced logging and felling for agriculture must remain a top priority.

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Starbucks sells control of China business for $4 billion

Starbucks disclosed on Monday evening in a regulatory filing that it will sell control of its ailing China business to Boyu Capital for about $4 billion.

Under the agreement, Boyu will own a 60% stake in the China segment, which will become a joint venture between Boyu and Starbucks. The coffee chain will retain a 40% interest in the entity and will continue to own and license the brand and intellectual property.

Bloomberg reported earlier this year that the company was looking to sell its China segment. The American coffee giant has struggled to succeed in China, its second-largest market after the US.

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John Wayne Airport in Orange County tops the list of North America’s favorite airports

Despite a record year of passenger numbers, flight cancellations, and delays, a new survey has revealed that flyers have been increasingly satisfied about their experiences in North American airports. 

According to this year’s North America Airport Satisfaction Study from data analysts at J.D. Power, overall passenger satisfaction scores were up 10 points (on a 1,000-point scale), largely from “improvements in food, beverage and retail and ease of travel through the airport.” The annual survey measures overall traveler satisfaction across the region’s airports in seven categories (in order of importance): ease of travel, level of trust, terminal facilities, airport staff, airport departure experience, food and retail, and airport arrival experience.

Here are the regions favorites:

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