Donald Trump, prices and wars drain climate action funds, warns Brazil

by admin
Brazil’s environment minister Marina Silva at a news conference in Baku, Azerbaijan in November 2024

Unlock the White House Watch watch newsletter for free

The threat of a trade war and increasing security tensions alongside the American withdrawal of the Paris climate agreement “will drain” the resources far from the efforts aimed at limiting global warming, leading to the “condemnation of civilization”, warned the Minister of Brazil of the Environment.

“It is clear that the withdrawal of the Paris Agreement from the second world transmitter, the largest economic and technological power in the world, is a loss. We cannot be negatives – this is a loss, “said Marina Silva.

The confluence of American withdrawal, new trade rates and the resurgence of geopolitical conflicts would have a “triple negative effect” on climate action.

“They can drain resources and can also hinder the environment of trust and confidence between the parties. We have a triple negative effect because the less we see action, the less we see money, which leads to less cooperation between countries, “she said.

This has increased the responsibility of countries like Brazil, South Africa, India, China, the EU and the United Kingdom, said that Silva, who was born in the Amazon. “We will all have to continue climate action.”

Brazil will host the UN COP 30, the most important climatic talks in the world in November of this year in the Amazonian port in Belém.

Countries should now submit updated climatic plans for 2035 at the time of the Belém summit, after only a handful did not respect the deadline of February under the Paris Agreement, notably the United Kingdom, Japan and Brazil.

During his first day at the office, US President Donald Trump withdrew the United States from what he described as a “Paris Climate Agreement and Unilateral Agreement”. The United States also withdrew during its first mandate as president in 2017, a decision reversed by Joe Biden in 2021.

Silva noted that the United States has not ratified the 1997 revolutionary conference on the United Nations climate in Japan, the Kyoto protocol. However, she warned that even if the situation can be “similar, it is a very different context, because in the Kyoto protocol, the problems were still in the field of projections, in most cases, while we already live the reality of the temperature of the changing earth from 1.5 ° C compared to the pre-industrial levels”.

Some scientists already calculate that the world will not reach the ideal objective of Paris Agree to limit the increase in the world average temperature to no more than 1.5 ° C of pre -industrial times. The UN has planned that the increase will reach 2.9 ° C this century unless measures are taken to reduce greenhouse gas emissions.

Silva said nearly 200 countries that were signatories should “implement” their climate promises or “face an unthinkable and civilizational destiny”.

She spoke to the sidelines of the World Summit of Sustainable Development in New Delhi, where the Indian Minister of the Environment, Bhupender Yadav, reiterated the objective of the third largest world polluter for zero net emissions by 2070.

India is one of those countries that have not improved their objectives, as required by the process of the Paris Agreement.

Developing countries such as India and Brazil are faced with an intimidating task to find ways to plug what is estimated by an independent group of economists be a difference of 1 TN to international financing on climate change

At the UN COP29 in Baku in November, nearly 200 countries agreed that rich nations would take the lead by providing at least $ 300 billion in climate funding by 2035 to help developing countries to move to green energy and to deal with climate change. But Silva said it could now be in danger.

“It's very serious because we need 1.3 TN to be able to make the necessary efforts for this transition. We leave from $ 300 billion, but even this is not guaranteed, “she said.

Climate capital

Where climate change meets business, markets and politics. Explore the FT coverage here.

Are you curious to know the commitments of the environmental sustainability of the FT? Learn more about our scientific targets here

Source Link

You may also like

Leave a Comment