The Japan Times - 'Mother Nature needs money,' Lula tells rich countries at summit

EUR -
AED 4.271898
AFN 72.686926
ALL 96.41106
AMD 438.965478
ANG 2.081879
AOA 1066.477167
ARS 1624.84862
AUD 1.648521
AWG 2.093412
AZN 1.975323
BAM 1.965257
BBD 2.338886
BDT 142.484456
BGN 1.987938
BHD 0.440343
BIF 3448.315063
BMD 1.163007
BND 1.485705
BOB 8.02479
BRL 6.112435
BSD 1.161288
BTN 108.535709
BWP 15.868021
BYN 3.457691
BYR 22794.932625
BZD 2.335408
CAD 1.592447
CDF 2643.514377
CHF 0.912012
CLF 0.026742
CLP 1054.23043
CNY 8.002071
CNH 8.000236
COP 4315.662249
CRC 541.594688
CUC 1.163007
CUP 30.819679
CVE 110.798676
CZK 24.416746
DJF 206.785339
DKK 7.471632
DOP 68.911327
DZD 153.897714
EGP 60.75582
ERN 17.445101
ETB 181.307537
FJD 2.569901
FKP 0.871698
GBP 0.864053
GEL 3.157563
GGP 0.871698
GHS 12.703862
GIP 0.871698
GMD 85.479249
GNF 10178.984582
GTQ 8.894805
GYD 242.955448
HKD 9.11082
HNL 30.736916
HRK 7.533491
HTG 152.098679
HUF 386.875395
IDR 19635.04324
ILS 3.610613
IMP 0.871698
INR 108.017038
IQD 1521.321092
IRR 1530080.77726
ISK 143.584908
JEP 0.871698
JMD 182.911804
JOD 0.824605
JPY 184.057503
KES 150.784095
KGS 101.704716
KHR 4653.172524
KMF 496.604216
KPW 1046.710712
KRW 1722.366999
KWD 0.356311
KYD 0.967774
KZT 559.742002
LAK 24959.934934
LBP 103998.309215
LKR 364.649133
LRD 212.515434
LSL 19.690959
LTL 3.434056
LVL 0.703491
LYD 7.433742
MAD 10.8541
MDL 20.311093
MGA 4833.071305
MKD 61.648611
MMK 2441.677383
MNT 4148.387235
MOP 9.369732
MRU 46.355083
MUR 54.161537
MVR 17.980256
MWK 2013.227719
MXN 20.578362
MYR 4.581663
MZN 74.29751
NAD 19.690959
NGN 1598.61056
NIO 42.735658
NOK 11.314369
NPR 173.642681
NZD 1.97742
OMR 0.447162
PAB 1.161233
PEN 4.039841
PGK 5.014021
PHP 69.125688
PKR 324.166696
PLN 4.251168
PYG 7588.5512
QAR 4.246499
RON 5.095251
RSD 117.462099
RUB 95.414029
RWF 1697.814229
SAR 4.365916
SBD 9.364135
SCR 17.796475
SDG 698.96646
SEK 10.791691
SGD 1.480676
SHP 0.872556
SLE 28.580955
SLL 24387.682982
SOS 663.673841
SRD 43.422605
STD 24071.891967
STN 24.61794
SVC 10.160459
SYP 128.586735
SZL 19.683299
THB 37.397661
TJS 11.095514
TMT 4.082154
TND 3.422269
TOP 2.800241
TRY 51.536204
TTD 7.883736
TWD 36.988287
TZS 3018.002423
UAH 50.987774
UGX 4384.003009
USD 1.163007
UYU 47.317913
UZS 14158.255868
VES 528.80828
VND 30634.761239
VUV 138.660755
WST 3.172441
XAF 659.109011
XAG 0.01652
XAU 0.00026
XCD 3.143084
XCG 2.092781
XDR 0.821175
XOF 659.114706
XPF 119.331742
YER 277.502332
ZAR 19.392553
ZMK 10468.458238
ZMW 22.499663
ZWL 374.487704
  • RBGPF

    -13.5000

    69

    -19.57%

  • CMSC

    0.2000

    22.85

    +0.88%

  • RYCEF

    0.9000

    16.2

    +5.56%

  • RELX

    -0.0250

    33.335

    -0.07%

  • GSK

    0.2800

    52.12

    +0.54%

  • AZN

    1.1600

    184.76

    +0.63%

  • NGG

    0.2300

    82.22

    +0.28%

  • BCC

    3.8900

    72.19

    +5.39%

  • VOD

    0.1890

    14.519

    +1.3%

  • BCE

    0.0800

    25.87

    +0.31%

  • CMSD

    0.1116

    22.77

    +0.49%

  • RIO

    2.9100

    86.06

    +3.38%

  • JRI

    -0.0700

    11.7

    -0.6%

  • BP

    -1.3550

    43.425

    -3.12%

  • BTI

    0.5000

    57.87

    +0.86%

'Mother Nature needs money,' Lula tells rich countries at summit
'Mother Nature needs money,' Lula tells rich countries at summit / Photo: Evaristo Sa - 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.

M.Yamazaki--JT