ADVERTISEMENT
NewsMadura
  • Latest Stories
  • Business
  • World
  • Politics
  • Science & Space
  • Entertainment
  • Technology
  • Health
  • Sports
  • Auto
  • Travel
  • Lifestyle
No Result
View All Result
  • Latest Stories
  • Business
  • World
  • Politics
  • Science & Space
  • Entertainment
  • Technology
  • Health
  • Sports
  • Auto
  • Travel
  • Lifestyle
No Result
View All Result
NewsMadura
No Result
View All Result
Home News Latest Stories

Biden pledges $500 million to stop deforestation in Brazil

Jatin Batra by Jatin Batra
April 20, 2023
in Latest Stories
0
Biden pledges $500 million to stop deforestation in Brazil
0
SHARES
7
VIEWS
Share on FacebookShare on Twitter


WASHINGTON — The Biden administration will pledge $500 million over five years on Thursday to fight deforestation in Brazil, a White House official said, in a move that would make the United States one of the largest donors to global resources. Amazon Fund would make.

But the pledge requires approval from Congress, where Republicans are overwhelmingly opposed to international climate aid and have made it difficult for President Biden to follow through on his promises to help poorer countries cope with climate change.

Brazilian President Luiz Inácio Lula da Silva has worked with the Biden administration on several issues, including climate change, despite Mr Lula’s criticism of US support for Ukraine in its war with Russia.

The Amazon Fund, a conservation program, was founded by Brazil in 2008 and funds efforts to curb deforestation in the world’s largest rainforest. Norway, the first and largest contributor to the fund, has donated more than $1.2 billion. Germany recently announced a $217 million donation.

But the fund was suspended under Mr Lula’s far-right predecessor, Jair Bolsonaro, who weakened environmental protections and saw annual average rates of deforestation rise to levels the country had not seen in more than a decade.

In the Amazon rainforest

Mr Lula took office in January with a pledge to end deforestation in the Amazon by 2030. But his reign has had a rocky start. Preliminary data suggests that deforestation rates have continued to rise as his government attempts to rebuild environmental protections.

The Amazon plays an important role in regulating water cycles, stabilizing the climate and absorbing carbon dioxide. It is estimated that 150 billion to 200 billion tons of carbon is locked up in the forest. But with trees being cut down, parts of the forest now emit more carbon dioxide than they absorb.

John Kerry, President Biden’s special envoy for climate change, is expected to announce the pledge at a meeting in Washington of representatives from some of the world’s major economies. The White House said in a fact sheet that the pledge comes “in the context of Brazil’s renewed commitment to end deforestation by 2030.” The US is also expected to call on other countries to contribute to the fund.

“That’s a lot of money,” said Suely Araújo, a policy expert at the Climate Observatory, an environmental group in Brazil. “It is a sign of confidence in the new administration, that it can handle this and that it is committed to getting deforestation under control.”

“I really hope Congress approves it,” Ms. Araújo said. “It’s really necessary for what Brazil needs to do.”

Mr Biden has pledged to provide $11.4 billion annually in international climate aid by 2024, but so far that goal is nowhere near that goal. Last year, Congress approved just $1 billion — despite Democratic scrutiny from both the House and Senate.

“We are working as hard as we can to meet that goal and fulfill the president’s pledge,” said Sarah Ladislaw, a special assistant to Mr. Biden and the senior director for climate and energy in the White House National Security Council. .

With Republicans controlling the House and Democrats holding only a slim majority in the Senate, getting approval for extra money for things like the Amazon Fund will be an uphill battle.

But in at least one instance, the Biden administration has found a way around Republican opposition.

Last year, Republicans cut funds the government had pledged to the Green Climate Fund, a United Nations-led program to help poor countries transition from fossil fuels to renewable energy and build resilience to climate disasters. On Thursday, the government is expected to contribute $1 billion to the fund, according to discretionary funds within the State Department, a government official said.

Tags: BidenBrazildeforestationmillionNewsMadurapledgesstop
Previous Post

All the old blue ticks disappear today, Elon Musk says ‘One more day’

Next Post

Xiaomi brings home phone configuration service for seniors: here’s how to use it

Jatin Batra

Jatin Batra

Editor

Next Post
Xiaomi brings home phone configuration service for seniors: here's how to use it

Xiaomi brings home phone configuration service for seniors: here's how to use it

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected

    • Trending
    • Comments
    • Latest
    How Fermented Foods Can Change Your Microbiome and Improve Your Health

    How Fermented Foods Can Change Your Microbiome and Improve Your Health

    August 13, 2021
    Buy tool boxes

    Buy tool boxes

    August 23, 2021
    There are no flights departing or landing at Kabul airport, the Pentagon says.

    There are no flights departing or landing at Kabul airport, the Pentagon says.

    August 16, 2021
    NDTV News

    Photos: Taliban’s Kabul Takeover Caps Afghanistan Blitz

    August 16, 2021
    DeSantis is cutting campaign staff by more than a third, aiming to keep costs in check

    DeSantis is cutting campaign staff by more than a third, aiming to keep costs in check

    0
    NDTV News

    Krsnaa Diagnostics IPO: Here’s How To Check Assignment Status

    0
    NDTV News

    Syrian President Bashar al-Assad issues decree to form new government: Twitter presidency

    0
    Asus ROG Phone 5s Specifications Tipped; May Come With Snapdragon 888 Plus SoC, Up to 18GB RAM

    Asus ROG Phone 5s Specifications tipped; May come with Snapdragon 888 Plus

    0
    DeSantis is cutting campaign staff by more than a third, aiming to keep costs in check

    DeSantis is cutting campaign staff by more than a third, aiming to keep costs in check

    July 25, 2023
    NDTV News

    Ensure violence ends in Manipur: Human rights panel tells state government

    July 25, 2023
    'Operation Cookie Monster': The Dutch arrest their most wanted suspect in cyber case - News18

    ‘Operation Cookie Monster’: The Dutch arrest their most wanted suspect in cyber case – News18

    July 25, 2023
    NDTV News

    SpiceJet plane catches fire at Delhi airport during maintenance

    July 25, 2023

    Recent News

    DeSantis is cutting campaign staff by more than a third, aiming to keep costs in check

    DeSantis is cutting campaign staff by more than a third, aiming to keep costs in check

    July 25, 2023
    NDTV News

    Ensure violence ends in Manipur: Human rights panel tells state government

    July 25, 2023
    'Operation Cookie Monster': The Dutch arrest their most wanted suspect in cyber case - News18

    ‘Operation Cookie Monster’: The Dutch arrest their most wanted suspect in cyber case – News18

    July 25, 2023
    NDTV News

    SpiceJet plane catches fire at Delhi airport during maintenance

    July 25, 2023

    International News,Latest Stories,Breaking News-NewsMadura

    Follow Us

    Browse by Category

    • Africa
    • Americas
    • Asia
    • Auto
    • Baseball
    • Basketball
    • Business
    • Cricket
    • Entertainment
    • Europe
    • Gadget
    • Health
    • India
    • Latest Stories
    • Lifestyle
    • Middle East
    • Politics
    • Science & Space
    • Soccer
    • Sports
    • Technology
    • Tennis
    • Travel
    • U.S.
    • US Politics
    • World

    Recent News

    DeSantis is cutting campaign staff by more than a third, aiming to keep costs in check

    DeSantis is cutting campaign staff by more than a third, aiming to keep costs in check

    July 25, 2023
    NDTV News

    Ensure violence ends in Manipur: Human rights panel tells state government

    July 25, 2023
    • About
    • Advertise
    • Privacy & Policy
    • Contact

    ©Copyright 2021 NewsMadura - Stay ahead with NewsMadura

    No Result
    View All Result
    • Latest Stories
    • Business
    • World
    • Politics
    • Science & Space
    • Entertainment
    • Technology
    • Health
    • Sports
    • Auto
    • Travel
    • Lifestyle

    ©Copyright 2021 NewsMadura - Stay ahead with NewsMadura