As climate summit unfolds, no Biden-Bolsonaro Amazon deal forthcoming
The United States and Brazil have been conducting closed door negotiations to broker an Amazon rainforest protection agreement with the U.S. and other nations tentatively to provide significant funding, and Brazil possibly agreeing to pragmatic measures to end deforestation.
However, as the global Climate Leaders Summit progressed today, it became apparent that those talks are likely stalemated, with no deal announced, nor likely anytime soon.
Brazilian President Jair Bolsonaro has made it clear that Amazon conservation is dependent on a big financial investment by the United States. However, Amazon deforestation continued soaring through March, even as critics offered substantial proof Brazil is insincere in its environmental commitments.
Friday, 23 April 2021, 6:02 am
A joint reaction by Carbon Market Watch and the
Rainforest Foundation Norway to the announcement of a new
coalition to finance forestry climate
projects
BRUSSELS/OSLO 22 April 2021 In the
context of the US President Biden’s “Leaders’
Summit”, today the US, UK and Norway, together with
Amazon, announced a 1 billion USD initiative to purchase
carbon credits from countries that reduce deforestation and
forest degradation. As
in a statement by a group of international NGOs, financing
forest protection at the national level is welcome, and
urgent, but this should not be used to compensate - or
“offset” - fossil fuel emissions.
As COP26 looms and tropical deforestation soars, REDD+ debate roars on
by on 15 April 2021
The United Nations REDD+ program (reduced emissions from deforestation and forest degradation) has been operating for more than 13 years as a multipurpose initiative, intended to curb deforestation in tropical nations, sequester forest carbon, combat climate change, protect biodiversity, and aid poor rural communities.
The REDD+ mechanism is largely paid for by wealthy industrialized countries contributing funds to less developed tropical nations, including those in the Amazon, Congo Basin and Indonesia.
Some 600 REDD+ projects have been initiated to date (with some 400 still active), mostly implemented by socioenvironmental NGOs or for-profit project developers, and financed by more than $10 billion in donor funds in more than 65 countries. But evidence of avoided deforestation and reduced carbon emissions is controversial.
ANALYSIS-Pandemic likely made 2020 another devastating year for world s forests thesundaily.my - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thesundaily.my Daily Mail and Mail on Sunday newspapers.
Feb 26, 2021
KUALA LUMPUR – The rate of destruction of the world’s tropical forests is likely to have gathered pace last year, green groups warned, as the pandemic weakened environmental regulations, cut funding for protection work and forced city migrants back to rural areas.
In 2019, tropical rainforests disappeared at a rate of one football pitch every six seconds, according to monitoring service Global Forest Watch (GFW), despite more awareness of the key role of carbon-storing forests in slowing climate change.
The tracking platform, which uses satellite imagery and is run by the U.S.-based think tank World Resources Institute (WRI), is due to release its deforestation numbers for 2020 when the COVID-19 pandemic struck in the next three months.