The world is losing 10 million hectares of forest – about the size of Iceland – each year, and land degradation affects almost 2 billion hectares, an area larger than South America. Forest loss and degradation emit large quantities of climate-warming gases, and at least 8 percent of forest plants and 5 percent of forest animals are at extremely high risk of extinction. The restoration and sustainable management of forests, on the other hand, will address the climate-change and biodiversity crises simultaneously while producing goods and services needed for sustainable development.