Dubai Telegraph - Lula to host S.American summit on saving the Amazon

EUR -
AED 4.275912
AFN 76.945742
ALL 96.507033
AMD 443.502545
ANG 2.084172
AOA 1067.669546
ARS 1669.615862
AUD 1.754156
AWG 2.095752
AZN 1.979584
BAM 1.95493
BBD 2.344656
BDT 142.426589
BGN 1.95493
BHD 0.438905
BIF 3439.568645
BMD 1.164307
BND 1.508029
BOB 8.044418
BRL 6.33336
BSD 1.164082
BTN 104.665401
BWP 15.466114
BYN 3.34681
BYR 22820.40996
BZD 2.341258
CAD 1.610277
CDF 2598.732168
CHF 0.936687
CLF 0.027361
CLP 1073.35122
CNY 8.231765
CNH 8.230635
COP 4422.730924
CRC 568.646829
CUC 1.164307
CUP 30.854126
CVE 110.21593
CZK 24.208254
DJF 207.297707
DKK 7.468805
DOP 74.506828
DZD 151.014766
EGP 55.297703
ERN 17.464599
ETB 180.565709
FJD 2.631857
FKP 0.872874
GBP 0.873789
GEL 3.137823
GGP 0.872874
GHS 13.242104
GIP 0.872874
GMD 84.994444
GNF 10115.496406
GTQ 8.91703
GYD 243.551567
HKD 9.063324
HNL 30.660349
HRK 7.534581
HTG 152.392152
HUF 381.731319
IDR 19431.753727
ILS 3.767358
IMP 0.872874
INR 104.724139
IQD 1525.021034
IRR 49031.867707
ISK 149.007685
JEP 0.872874
JMD 186.327044
JOD 0.825436
JPY 180.689329
KES 150.582958
KGS 101.819216
KHR 4660.924876
KMF 491.33727
KPW 1047.875385
KRW 1715.96691
KWD 0.357407
KYD 0.970168
KZT 588.717893
LAK 25243.761042
LBP 104246.887486
LKR 359.070136
LRD 204.88878
LSL 19.729516
LTL 3.437895
LVL 0.704277
LYD 6.328183
MAD 10.751913
MDL 19.807182
MGA 5192.688126
MKD 61.612569
MMK 2444.575233
MNT 4130.230657
MOP 9.335044
MRU 46.422332
MUR 53.640008
MVR 17.932029
MWK 2018.601284
MXN 21.162059
MYR 4.786443
MZN 74.410886
NAD 19.729516
NGN 1688.338127
NIO 42.840926
NOK 11.772625
NPR 167.464442
NZD 2.014838
OMR 0.446781
PAB 1.164182
PEN 3.913058
PGK 4.939801
PHP 68.653379
PKR 326.360799
PLN 4.229232
PYG 8006.435397
QAR 4.243211
RON 5.091044
RSD 117.347755
RUB 89.441675
RWF 1693.745915
SAR 4.36976
SBD 9.582933
SCR 15.771732
SDG 700.335953
SEK 10.943923
SGD 1.508534
SHP 0.873532
SLE 27.599807
SLL 24414.925724
SOS 664.104329
SRD 44.975958
STD 24098.796527
STN 24.489097
SVC 10.186465
SYP 12873.549183
SZL 19.714223
THB 37.112262
TJS 10.680845
TMT 4.086716
TND 3.41488
TOP 2.803371
TRY 49.55243
TTD 7.891487
TWD 36.43004
TZS 2840.6353
UAH 48.871442
UGX 4118.166521
USD 1.164307
UYU 45.529729
UZS 13926.799548
VES 296.376506
VND 30691.122782
VUV 141.301541
WST 3.246799
XAF 655.665087
XAG 0.019914
XAU 0.000277
XCD 3.146597
XCG 2.098066
XDR 0.815437
XOF 655.665087
XPF 119.331742
YER 277.745094
ZAR 19.719145
ZMK 10480.15708
ZMW 26.914017
ZWL 374.90626
  • RBGPF

    0.0000

    78.35

    0%

  • GSK

    -0.1600

    48.41

    -0.33%

  • RELX

    -0.2200

    40.32

    -0.55%

  • VOD

    -0.1630

    12.47

    -1.31%

  • SCS

    -0.0900

    16.14

    -0.56%

  • NGG

    -0.5000

    75.41

    -0.66%

  • CMSC

    -0.0500

    23.43

    -0.21%

  • CMSD

    -0.0700

    23.25

    -0.3%

  • RIO

    -0.6700

    73.06

    -0.92%

  • RYCEF

    -0.0500

    14.62

    -0.34%

  • BTI

    -1.0300

    57.01

    -1.81%

  • BCC

    -1.2100

    73.05

    -1.66%

  • JRI

    0.0400

    13.79

    +0.29%

  • BCE

    0.3300

    23.55

    +1.4%

  • AZN

    0.1500

    90.18

    +0.17%

  • BP

    -1.4000

    35.83

    -3.91%

Lula to host S.American summit on saving the Amazon
Lula to host S.American summit on saving the Amazon / Photo: Sergio Lima - AFP

Lula to host S.American summit on saving the Amazon

Brazilian President Luiz Inacio Lula da Silva will host a regional summit next week with planetary stakes, as leaders of the countries that share the Amazon seek a roadmap to save the world's biggest rainforest.

Text size:

The meeting of the eight-nation Amazon Cooperation Treaty Organization on Tuesday and Wednesday in Belem, capital of the Amazon state of Para, will serve as something of a dress rehearsal for the COP30 UN climate talks, which the city will also host in 2025.

It is the 28-year-old organization's first summit since 2009, as Lula seeks to deliver on his pledge that "Brazil is back" in the fight against climate change after a period of surging destruction in the Amazon under his far-right predecessor, Jair Bolsonaro.

With its hundreds of billions of carbon-absorbing trees, the Amazon is a key buffer against global warming.

But scientists warn deforestation is pushing it dangerously close to a "tipping point," beyond which trees would die off and release their carbon stores back into the atmosphere, with catastrophic consequences for the climate.

Already, carbon emissions from the Amazon increased by 117 percent in 2020 compared to the annual average for 2010 to 2018, according to the latest figures from researchers at Brazil's national space agency, INPE.

Veteran leftist Lula, who returned to office in January, said he planned to work together with the group's other members -- Bolivia, Colombia, Ecuador, Guyana, Peru, Suriname and Venezuela -- to develop the Amazon basin "without destroying" it.

Leaders are due to discuss strategies to fight deforestation and organized crime, and seek sustainable development for the region, home to 50 million people -- including hundreds of Indigenous groups seen as crucial to protecting the forest.

The summit will conclude with a joint declaration, expected to be "ambitious" and set out "an agenda to guide countries in the coming years," said Brazilian foreign ministry official Gisela Padovan.

- Crime in the jungle -

Brazil, which holds around 60 percent of the Amazon, has pledged to eradicate illegal deforestation by 2030, and is pushing other countries to follow suit.

Deforestation is driven mainly by cattle ranching, though it is fueled by a murky mix of corruption, land-grabbing and organized crime whose tentacles extend to the illegal traffic in drugs, arms, timber and gold.

In Brazil, the world's top exporter of beef and soy, the destruction has already wiped out around one-fifth of the rainforest.

But after a 75-percent jump in average annual deforestation in the Brazilian Amazon under Bolsonaro (2019-2022) versus the previous decade, there are signs of progress.

From January to July, deforestation fell by 42.5 percent from the same period last year.

Ahead of the summit, more than 50 environmental groups called on the region's governments to adopt a plan "to stop the Amazon from reaching a point of no return."

The petition, published by the Climate Observatory, calls on countries to join Brazil's pledge for zero illegal deforestation by 2030, strengthen Indigenous rights and adopt "effective measures to fight environmental crimes."

Lula said Thursday he was confident that "for the first time, jointly and cohesively," the region would "accept its responsibility" to fight rampant crime in the rainforest.

- The world's problem -

Lula insists responsibility for saving the Amazon extends worldwide.

"The world needs to help us preserve and develop the Amazon," he said Wednesday.

"Investing is cheap if it's a matter of saving the rainforest."

Paola Arias, a climate scientist at the University of Antioquia in Colombia, underlined that the cattle and crops produced in the Amazon are often exported abroad.

Deforestation "is not just the Amazon countries' fault," she said.

"It's leveraged by a world agro-industry that generates profits for the global north. Those connections to Europe, North America and Australia have to be part of the debate."

Six presidents are due to attend the summit, with Ecuador and Suriname represented by cabinet ministers.

Norway and Germany, key contributors to Brazil's Amazon Fund to protect the rainforest, are also invited, along with France, which has a share of the Amazon via the territory of French Guiana.

Brazil also invited tropical rainforest nations Indonesia and the Democratic Republic of Congo.

G.Mukherjee--DT