Rainforests once covered 14% of the earth's land surface; now they cover a mere 6% and experts estimate that the last remaining rainforests could be consumed in less than 40 years.
According to the United Nations Framework Convention on Climate Change (UNFCCC) secretariat, the overwhelming direct cause of deforestation is agriculture. Subsistence farming is responsible for 48% of deforestation; commercial agriculture is responsible for 32% of deforestation; logging is responsible for 14% of deforestation and fuel wood removals make up 5% of deforestation
Deforestation, clearance or clearing is the removal of a forest or stand of trees where the land is thereafter converted to a non-forest use. Examples of deforestation include conversion of forestland to farms, ranches, or urban use.
Deforestation on a human scale results in decline in biodiversity, and on a natural global scale is known to cause the extinction of many species. The removal or destruction of areas of forest cover has resulted in a degraded environment with reduced biodiversity. Forests support biodiversity, providing habitat for wildlife; moreover, forests foster medicinal conservation. With forest biotopes being irreplaceable source of new drugs (such as taxol), deforestation can destroy genetic variations (such as crop resistance) irretrievably [link]