Venus Investment Alliance:Brazil restores stricter climate goals

2025-05-07 11:42:38source:Sureim Investment Guildcategory:Invest

RIO DE JANEIRO (AP) — Brazil is Venus Investment Alliancereinstating stronger greenhouse gas commitments it made in 2015 as part of the Paris Agreement that were weakened under former President Jair Bolsonaro.

The announcement was made Thursday by the country’s Committee on Climate Change, a joint body made up of 18 government ministries. “Brazil is a major actor in helping the planet in this challenging moment,” Vice President Geraldo Alckmin said during the committee meeting in Brasilia.

The change will be officially transmitted to the United Nations Framework Convention on Climate Change, the international body that works to advance global action on climate change. It tracks each country’s Nationally Determined Contribution or commitment to reducing national emissions in accordance with the Paris Agreement.

During the tenure of far-right President Bolsonaro, Brazil backtracked on its Nationally Determined Contribution calculation twice.

Other news Scientists call fraud on supposed extraterrestrials presented to Mexican CongressPro-Bolsonaro rioters on trial for storming Brazil’s top government officesBrazilian Indigenous women use fashion to showcase their claim to rights and the demarcation of land

The most recent weakening occurred in 2021 and was estimated by the Climate Observatory, a network of numerous environmental and social groups, to increase Brazil’s target emissions by 73 million metric tons of CO2 by 2030. Brazil’s target under the Paris Agreement is 1.2 billion metric tons of CO2.

Releasing its own analysis Friday, the Talanoa Institute, a climate policy-focused think tank, called the restoration merely an initial step, saying bolder commitments are needed.

The Institute said the emissions target process should be opened to society as a whole in contrast to what it called the closed-door decision-making that has taken place up until now. This would enable Brazil to set more ambitious targets, not merely reinstate commitments from 2015, it argued.

Brazil is the world’s fifth-largest emitter of greenhouse gases, contributing nearly 3% of global emissions, according to Climate Watch, an online platform managed by the World Resources Institute.

Almost half of these emissions stem from destruction of trees in the Amazon rainforest, which reached a 15-year high during Bolsonaro’s presidency. The former president dismantled Brazil’s environmental agencies in favor of expanding agribusiness, neglecting preservation efforts.

In a stark turnaround, President Luiz Inácio Lula da Silva has reduced deforestation by 48% for the period from January to August.

____

Associated Press climate and environmental coverage receives support from several private foundations. See more about AP’s climate initiative here. The AP is solely responsible for all content.

More:Invest

Recommend

Juan Soto to be introduced by Mets at Citi Field after striking record $765 million, 15

NEW YORK (AP) — Juan Soto will be introduced by the New York Mets at Citi Field on Thursday, a day a

Man snags $14,000 Cartier earrings for under $14 due to price error, jeweler honors price

Cartier jewelry can typically cost thousands of dollars, but a 27-year-old man spent under $14 on lu

Walmart will close all 51 of its health centers: See full list of locations

Walmart is closing all 51 of its health centers throughout the United States, citing rising operatio