Target of $100 billion was not met and the amount is insufficient, says Leite at COP26

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The Minister of the Environment, Joaquim Leite, once again called on the rich countries this Wednesday (10) at the plenary session of the Climate Convention in Glasgow (COP26). According to him, it is important that developed nations recognize the financial emergency and mobilize the necessary resources to achieve the desired goals at the conference.

The $100 billion target was not met, and this amount is no longer sufficient for the world to build a new green economy with a responsible transition.

Joaquim Leite, Minister of the Environment

According to the minister, more ambitious volumes are needed, with easy access and agile execution, so that the transformation takes place in an inclusive way in each territory around the world, primarily in regions that are more vulnerable in terms of climate and economic development.

Yesterday, at a parallel event in Brazil at COP26, the minister quoted a bank report saying that around US$ 5 trillion would be needed to solve the problem in the world.

On the same panel, Senate President Rodrigo Pacheco said that the volumes are not about “philanthropy”, but a compensation for the fact that the richest countries have developed using natural resources, a view that no longer exists in the world current.

As he said yesterday at the Brazilian event, Leite said today at the Convention’s plenary that the countries that historically and currently are responsible for the greatest volumes of atmospheric pollution must demonstrate their effective funding ambitions at this conference.

According to him, it is no longer possible for countries to continue to “postpone even further a commitment made in 2015 and so far not fully carried out”. “All parties to this conference must assume their common but differentiated responsibilities towards an emissions-neutral green economy,” he said.

The global challenge to be overcome, according to Leite, is to revert the negative logic of punishment, sanction and prohibition to the positive logic of incentive, innovation and prioritization.

“It is necessary to transform the environmental agenda into an opportunity for economic growth and generation of green jobs”, he said, adding that, based on a constructive vision, it will be possible to find the path to create a sustainable future.

Joaquim Leite presented several programs and actions aimed at sustainability carried out by Brazil in recent times in a speech given at the COP26 plenary session.

He also took the opportunity to say that the country is committed not only to negotiations for the creation of a global carbon market, but also to achieving stricter targets to reduce the amount of polluting gas emissions.

“Brazil, as a key player in the negotiations, made important moves during the first days and we announced even more ambitious climate targets: 50% reduction in emissions by 2030 and climate neutrality by 2050; eliminate illegal deforestation by 2028; and support for the global reduction of methane”, he cited.

as the Broadcast, Grupo Estado’s real-time news system, reported in recent days these new targets fell short of expectations. “Proactively, we gave clear signs that Brazil is part of the solution to overcome this global challenge of reducing emissions.”

Leite mentioned that Brazilian low-carbon agriculture has already restored nearly 28 million hectares of degraded pastures, that there are 16 million hectares of native forests in recovery, that the country has the largest operational program in the world for biofuels, that renewable energies contribute with 84% of our electrical matrix, generating record jobs in solar and wind, and that the solid waste management program has already reduced the number of open-air dumps by 20%. “We particularly highlight the Brazilian Water Program, with the objective of reaching 100 million planted trees”, he indicated.

The minister also highlighted the New Framework for Basic Sanitation, the “amazing transformation” from the logistical modal to rail with more than 5,000 km of new rails, which, according to him, represents a 75% reduction in emissions from cargo transport . “Results like these demonstrate the strength of the current and real Brazilian environmental policy”, he said.

At the COP, Leite also described that the National Green Growth Program was launched, to give priority to sustainable public and private initiatives aimed at reducing emissions, forest conservation and rational use of natural resources. “The program is already born with resources from federal banks in the order of US$ 50 billion”, he calculated.

Reference: CNN Brasil

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