More than 100 world leaders have promised to end and reverse deforestation by 2030, in the COP26 climate summit's first major deal.
Brazil - where stretches of the Amazon rainforest have been cut down - was among the signatories on Tuesday.
The pledge includes almost £14bn ($19.2bn) of public and private funds.
Experts welcomed the move, but warned a previous deal in 2014 had "failed to slow deforestation at all" and commitments needed to be delivered on.
Felling trees contributes to climate change because it depletes forests that absorb vast amounts of the warming gas CO2.