The Fort Worth Press - 'Mother Nature needs money,' Lula tells rich countries at summit

USD -
AED 3.672498
AFN 65.999741
ALL 81.749978
AMD 377.657389
ANG 1.79008
AOA 916.50233
ARS 1447.7684
AUD 1.43542
AWG 1.80125
AZN 1.704736
BAM 1.656847
BBD 2.015105
BDT 122.260014
BGN 1.67937
BHD 0.377013
BIF 2953.091775
BMD 1
BND 1.272884
BOB 6.913553
BRL 5.239695
BSD 1.000479
BTN 90.561067
BWP 13.175651
BYN 2.857082
BYR 19600
BZD 2.012224
CAD 1.36883
CDF 2224.999953
CHF 0.77793
CLF 0.021805
CLP 860.999848
CNY 7.97075
CNH 6.94469
COP 3642
CRC 496.003592
CUC 1
CUP 26.5
CVE 93.41048
CZK 20.68325
DJF 178.163135
DKK 6.33544
DOP 63.049753
DZD 129.999028
EGP 46.891297
ERN 15
ETB 154.976835
EUR 0.848335
FJD 2.208987
FKP 0.729917
GBP 0.733985
GEL 2.689736
GGP 0.729917
GHS 10.985781
GIP 0.729917
GMD 73.502583
GNF 8780.996111
GTQ 7.67429
GYD 209.32114
HKD 7.808645
HNL 26.428662
HRK 6.385498
HTG 131.143652
HUF 321.920429
IDR 16818.3
ILS 3.094805
IMP 0.729917
INR 90.493349
IQD 1310.5
IRR 42125.000158
ISK 122.739414
JEP 0.729917
JMD 156.862745
JOD 0.709041
JPY 156.859642
KES 129.170211
KGS 87.449587
KHR 4030.000239
KMF 417.000221
KPW 899.945137
KRW 1464.280435
KWD 0.30738
KYD 0.83376
KZT 497.113352
LAK 21520.880015
LBP 86150.000188
LKR 309.665505
LRD 185.901857
LSL 16.059936
LTL 2.95274
LVL 0.60489
LYD 6.323093
MAD 9.174496
MDL 16.928505
MGA 4431.457248
MKD 52.254146
MMK 2099.936125
MNT 3569.846682
MOP 8.051354
MRU 39.72959
MUR 45.879791
MVR 15.459409
MWK 1737.999994
MXN 17.36365
MYR 3.944005
MZN 63.759784
NAD 16.059961
NGN 1371.402396
NIO 36.81834
NOK 9.707645
NPR 144.897432
NZD 1.67173
OMR 0.384499
PAB 1.000479
PEN 3.362504
PGK 4.286719
PHP 58.840151
PKR 279.84277
PLN 3.577895
PYG 6622.13506
QAR 3.64125
RON 4.3222
RSD 99.574537
RUB 76.24746
RWF 1459.958497
SAR 3.75018
SBD 8.064647
SCR 14.780283
SDG 601.500712
SEK 9.00173
SGD 1.274295
SHP 0.750259
SLE 24.550143
SLL 20969.499267
SOS 570.224434
SRD 37.89403
STD 20697.981008
STN 20.755852
SVC 8.7544
SYP 11059.574895
SZL 16.060355
THB 31.805499
TJS 9.349774
TMT 3.505
TND 2.845503
TOP 2.40776
TRY 43.53032
TTD 6.777163
TWD 31.689501
TZS 2572.500108
UAH 43.151654
UGX 3562.246121
UYU 38.562056
UZS 12264.970117
VES 377.98435
VND 25954.5
VUV 119.556789
WST 2.72617
XAF 555.589718
XAG 0.013059
XAU 0.000206
XCD 2.70255
XCG 1.803149
XDR 0.691101
XOF 555.690911
XPF 101.549983
YER 238.324985
ZAR 16.164855
ZMK 9001.189062
ZMW 19.585153
ZWL 321.999592
  • SCS

    0.0200

    16.14

    +0.12%

  • BCC

    5.3000

    90.23

    +5.87%

  • RBGPF

    4.4200

    86.52

    +5.11%

  • CMSD

    -0.0700

    23.87

    -0.29%

  • RYCEF

    -0.3100

    16.62

    -1.87%

  • CMSC

    -0.1400

    23.52

    -0.6%

  • BCE

    0.2400

    26.34

    +0.91%

  • NGG

    1.5600

    87.79

    +1.78%

  • RELX

    -0.7300

    29.78

    -2.45%

  • RIO

    0.1100

    96.48

    +0.11%

  • JRI

    0.0300

    13.15

    +0.23%

  • VOD

    0.4600

    15.71

    +2.93%

  • BTI

    -0.2400

    61.63

    -0.39%

  • BP

    0.3800

    39.2

    +0.97%

  • GSK

    3.8900

    57.23

    +6.8%

  • AZN

    3.1300

    187.45

    +1.67%

'Mother Nature needs money,' Lula tells rich countries at summit
'Mother Nature needs money,' Lula tells rich countries at summit / Photo: © AFP

'Mother Nature needs money,' Lula tells rich countries at summit

Brazilian President Luiz Inacio Lula da Silva urged wealthy nations Wednesday to fulfill their unkept promises to fund developing countries' fight against climate change, at a summit on saving the world's tropical forests.

Text size:

Wrapping up a closely watched two-day meeting, the eight South American countries that share the Amazon basin joined with other nations from the Caribbean, Africa and Asia to call on the industrialized world to do more to protect Earth's disappearing tropical forests, vital buffers against global warming.

"It's not that Brazil needs money. It's not that Colombia or Venezuela need money. Mother Nature needs money, it needs financing, because industrial development has destroyed it over the past 200 years," Lula told a news conference.

The summit concluded with a stern rebuke of wealthy nations by the participants -- Amazon nations Bolivia, Brazil, Colombia, Ecuador, Guyana, Peru, Suriname and Venezuela, plus invitees the Democratic Republic of Congo, Congo-Brazzaville, Indonesia and Saint Vincent and the Grenadines.

"We express our concern regarding the non-fulfillment by developed countries of their commitments," including annual aid equivalent to 0.7 percent of GDP and $100 billion a year in climate financing for developing countries, they said in a joint statement.

Lula vowed the countries would head for United Nations climate talks in December and "tell the rich world that if they really want to save what's left of our forests, they need to put up the money."

- 'The planet is melting' -

But Lula and other leaders at the summit faced criticism themselves over their failure to adopt a pledge to stop illegal deforestation in the Amazon by 2030 and ban new oil exploration, as climate campaigners and Indigenous groups had urged.

Despite Brazil's pledges to launch an ambitious roadmap to save the Amazon at the summit, the South American countries' announcements contained "no clear measures to respond to the urgency of the crisis," said Leandro Ramos of environmental group Greenpeace's Brazil office.

Home to an estimated 10 percent of Earth's biodiversity, 50 million people and hundreds of billions of trees, the vast Amazon is a vital carbon sink.

But scientists warn its destruction is pushing it dangerously close to a tipping point, beyond which trees would die off and release carbon rather than absorb it, with catastrophic consequences for the climate.

South American leaders agreed to launch an alliance to fight the destruction of the Amazon, but struggled to find common ground on issues such as a timeline to end deforestation and the issue of oil exploration.

The debate comes as Brazil eyes opening new offshore oil fields at the mouth of the Amazon river and Ecuador heads for a referendum this month on halting drilling on a strategic oil bloc on the Yasuni Indigenous reservation.

Marcio Astrini, head of the Brazil-based Climate Observatory coalition, said the summit's policy announcements amounted to "just a list of promises."

"The planet is melting, temperature records are being broken every day... It is not possible for eight Amazonian leaders to fail to put in a declaration in bold letters that deforestation must be zero," he said.

- Eyes on UN talks -

The summit was a key test for veteran leftist Lula, who returned to office in January vowing "Brazil is back" in the fight against climate change, after four years of surging destruction in the world's biggest rainforest under far-right ex-president Jair Bolsonaro.

Held in Belem, Brazil, at the mouth of the Amazon river, it was also something of a dress rehearsal for the 2025 UN climate talks, which the northern city will host.

It also included representatives from Norway, the top donor to Brazil's Amazon Fund to protect the rainforest, and France, which shares a piece of the region via the overseas territory of French Guiana.

The United Arab Emirates, which will host the next UN climate talks in December, sent its special envoy for climate change, Sultan Ahmed al-Jaber.

Al-Jaber, the chief executive of the Abu Dhabi National Oil Company (ADNOC), vowed to "keep the pressure on donor countries" to meet their unfulfilled climate finance pledges, in his first major statement on the need to protect and invest in nature as a core pillar of climate progress.

A.Williams--TFWP