Amazon Countries Need More Power in Climate Debate, Lula Says - Yahoo News
Amazon Countries Need More Power in Climate Debate, Lula Says
(Bloomberg) -- Countries that border the Amazon rainforest need to have a bigger voice in the international climate debate and greater representation on global environmental forums, Brazil’s President Luiz Inacio Lula da Silva said.
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Organizations such as the Global Environment Facility, for instance, make Brazil, Colombia and Ecuador share a single seat on its council while developed economies like the US, Canada, France, Germany, Italy and Sweden each have their own seats, he said.
“It is inexplicable that international mechanisms of financing reproduce a logic of exclusion,” Lula said Saturday at an environmental conference in Leticia, Colombia, where he also met with the nation’s president, Gustavo Petro.
Authorities from eight member countries of the Amazon Cooperation Treaty Organization: Bolivia, Brazil, Colombia, Ecuador, Guyana, Peru, Suriname and Venezuela held meetings in Leticia ahead of their regional summit next month in Brazil.
Petro criticized countries that pollute the most, like the US and China, for not investing enough to combat climate change. “Overcoming the climate crisis requires an investment of $3.3 trillion a year,” he said.
Lula also defended the creation of a panel of specialists inspired by the Intergovernmental Panel on Climate Change to focus on science-based recommendations for the Amazon. Countries in the region must also cooperate to increase regional security and fight crime, he said.
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Related Knowledge Center: Climate economics
Climate change is now a driver of the world’s economy. The impact is profound:
- Catastrophic weather events — hurricanes, floods, droughts, high temperatures — are more frequent and more extreme. The cost can be measured in both the initial damage caused and the longer-term impact on the economy.
- Vulnerable communities are increasing climate-related investments, hardening infrastructure and taking other protective measures.
- Investment in carbon capture and storage technologies is increasingly rapidly.
- Governments are making investments and crafting regulations to reduce emissions of carbon dioxide and other greenhouse gases.
On top of all of this is the cost of uncertainty. As the Fourth National Climate Assessment, released in 2018 by the U.S. Global Change Research Program, says, “The assumption that current and future climate conditions will resemble the recent past is no longer valid.”