Dubai Telegraph - Brazil's climate wins ahead of COP30

EUR -
AED 4.257664
AFN 73.026624
ALL 96.238144
AMD 437.582231
ANG 2.074968
AOA 1062.937298
ARS 1598.08421
AUD 1.645579
AWG 2.089361
AZN 1.97515
BAM 1.95864
BBD 2.333975
BDT 142.192527
BGN 1.981339
BHD 0.43431
BIF 3442.663586
BMD 1.159146
BND 1.482068
BOB 8.007716
BRL 6.159011
BSD 1.158876
BTN 108.338579
BWP 15.802121
BYN 3.515914
BYR 22719.261378
BZD 2.33067
CAD 1.591566
CDF 2637.057544
CHF 0.913917
CLF 0.027244
CLP 1075.745893
CNY 7.982348
CNH 8.005172
COP 4303.433806
CRC 541.282631
CUC 1.159146
CUP 30.717369
CVE 111.1046
CZK 24.515015
DJF 206.003881
DKK 7.48519
DOP 68.390029
DZD 152.108556
EGP 59.995792
ERN 17.38719
ETB 182.160246
FJD 2.566871
FKP 0.868268
GBP 0.86899
GEL 3.147128
GGP 0.868268
GHS 12.640533
GIP 0.868268
GMD 85.201694
GNF 10174.408376
GTQ 8.876835
GYD 242.454744
HKD 9.082315
HNL 30.787368
HRK 7.547552
HTG 152.028504
HUF 393.739159
IDR 19654.711213
ILS 3.60393
IMP 0.868268
INR 109.016
IQD 1518.481245
IRR 1525001.44174
ISK 144.047519
JEP 0.868268
JMD 182.063242
JOD 0.82188
JPY 184.581294
KES 150.229726
KGS 101.364887
KHR 4648.175821
KMF 494.955743
KPW 1043.174412
KRW 1744.874492
KWD 0.35536
KYD 0.965713
KZT 557.135552
LAK 24904.251971
LBP 103801.523689
LKR 361.50269
LRD 212.558441
LSL 19.717515
LTL 3.422657
LVL 0.701156
LYD 7.395793
MAD 10.850191
MDL 20.181528
MGA 4833.639175
MKD 61.634787
MMK 2433.943509
MNT 4137.774242
MOP 9.354025
MRU 46.516967
MUR 53.904625
MVR 17.920835
MWK 2013.436982
MXN 20.747095
MYR 4.565921
MZN 74.073751
NAD 19.508864
NGN 1572.092184
NIO 42.564277
NOK 11.093021
NPR 173.341379
NZD 1.985179
OMR 0.442313
PAB 1.158896
PEN 4.032714
PGK 4.997948
PHP 69.723065
PKR 323.63785
PLN 4.282755
PYG 7568.943802
QAR 4.224512
RON 5.101986
RSD 117.884032
RUB 96.003268
RWF 1691.193997
SAR 4.352659
SBD 9.33305
SCR 16.654324
SDG 696.647132
SEK 10.831104
SGD 1.486377
SHP 0.86966
SLE 28.486057
SLL 24306.724357
SOS 662.456177
SRD 43.45349
STD 23991.981659
STN 24.939026
SVC 10.139705
SYP 128.393177
SZL 19.508855
THB 38.008825
TJS 11.130786
TMT 4.068602
TND 3.372
TOP 2.790945
TRY 51.328032
TTD 7.862368
TWD 37.135217
TZS 2998.321243
UAH 50.766603
UGX 4380.333447
USD 1.159146
UYU 46.697721
UZS 14135.785719
VES 527.05282
VND 30499.449254
VUV 137.980492
WST 3.180888
XAF 656.918161
XAG 0.017031
XAU 0.000257
XCD 3.13265
XCG 2.08852
XDR 0.81819
XOF 661.296951
XPF 119.331742
YER 276.576393
ZAR 19.853279
ZMK 10433.709028
ZMW 22.627107
ZWL 373.244535
  • RBGPF

    -13.5000

    69

    -19.57%

  • NGG

    -3.5400

    81.99

    -4.32%

  • GSK

    -0.5300

    51.84

    -1.02%

  • VOD

    -0.0900

    14.33

    -0.63%

  • BTI

    -1.3500

    57.37

    -2.35%

  • RYCEF

    -0.6100

    15.99

    -3.81%

  • AZN

    -5.3300

    183.6

    -2.9%

  • RELX

    -0.4600

    33.36

    -1.38%

  • RIO

    -2.5000

    83.15

    -3.01%

  • CMSC

    -0.2000

    22.65

    -0.88%

  • BP

    -1.0800

    44.78

    -2.41%

  • CMSD

    -0.2420

    22.658

    -1.07%

  • BCC

    -1.5600

    68.3

    -2.28%

  • BCE

    0.0600

    25.79

    +0.23%

  • JRI

    -0.3900

    11.77

    -3.31%

Brazil's climate wins ahead of COP30
Brazil's climate wins ahead of COP30 / Photo: Ricardo STUCKERT - Brazilian Presidency/AFP/File

Brazil's climate wins ahead of COP30

Brazil's president has slashed deforestation in the Amazon and worked to better protect Indigenous people, giving him a generally positive environmental record as he prepares to host COP30 UN climate talks in a month.

Text size:

However, veteran leftist Luiz Inacio Lula da Silva faces a strong agribusiness lobby in congress that has tried to weaken environmental laws, and the president has enraged green activists with his support for the expansion of oil exploration.

This is what experts say he is doing right:

- Brazil's climate comeback -

The 79-year-old has returned to office after years of rampant Amazon deforestation under his climate-sceptic predecessor Jair Bolsonaro.

"Brazil is back," he declared at COP27 in Egypt shortly after his re-election, receiving a rock star's welcome as he pledged to protect a rainforest with billions of carbon-absorbing trees that are a key buffer against global warming.

He announced plans to host COP30 in the Amazon itself so world leaders could get a first-hand look at one of Earth’s richest ecosystems.

Another strong message was Lula's choice of environment minister, Marina Silva -- who cut deforestation dramatically during his first term.

The pair have previously feuded over the clash between development goals and environmental protection.

They set about rebuilding Brazil's environmental agencies and Lula also reactivated the Amazon Fund, an international financing mechanism to protect the forest that had been suspended under Bolsonaro.

- Slowing forest loss -

Lula pledged zero deforestation by 2030.

In the last year of Bolsonaro's presidency in 2022, deforestation reached more than 10,000 square kilometers (3861 square miles) -- an area about the size of the country of Lebanon.

This number had dropped by more than half by 2024, falling to 4,200 square kilometers.

However, in 2024, Brazil suffered one of its worst waves of forest fires on record. The flames, often linked to agricultural activity, grew out of control amid a historic drought linked to climate change.

Silva said fires had become one of the main causes of deforestation.

Forest loss also slowed in other sensitive biomes like the Cerrado, a vast region of tropical savannah in central Brazil.

- Indigenous lands -

Indigenous lands are seen as a key barrier to Amazon deforestation.

Lula created an Indigenous people's ministry and legalized 16 Indigenous reserves during his third term -- a process that had been paralyzed under previous governments.

Marcio Astrini of the Climate Observatory, a collective of NGOs, said the demarcation of Indigenous lands was particularly important in case a climate-sceptic candidate wins 2026 presidential elections.

"A new government can withdraw funding from climate policies, but it won't be able to undo a protected Indigenous area," he told AFP.

Government policies also expelled invaders from more than 180,000 square kilometers of Indigenous lands -- an area slightly smaller than Uruguay -- according to the state Indigenous affairs agency Funai.

Local populations "regained freedom to move around, resume hunting...they recovered their territory," Nilton Tubino, coordinator of Indigenous policies for the federal government in the northern Amazon state of Roraima, told AFP.

- Financing forest protection -

Brazil's government has also designed a global initiative to finance the conservation of endangered forests: the Tropical Forest Forever Fund (TFFF).

"This is the main contribution Brazil intends to make to the COP," said Finance Minister Fernando Haddad.

Authorities envision the TFFF as a fund of more than $100 billion in public and private capital.

Three weeks ago, Lula announced that Brazil would invest $1 billion in this initiative during a speech in New York on the sidelines of the UN General Assembly.

G.Rehman--DT