Environment ministers of the Group of 20 nations agreed Thursday to support the creation of funding sources for ecosystem services, acknowledging Brazil’s proposal to establish a trust fund for forest conservation.
Brazil ian Environment Minister Marina Silva attends the G20 environment and sustainability ministerial meeting in Rio de Janeiro, Brazil , Thursday, Oct. 3, 2024.
The environment ministers of leading rich and developing countries assembled this week in Rio de Janeiro for four-day meetings to discussand sustainability. The topic is one of Brazil’s priorities as it hosts the G20 presidency until the end of the year, with heads of state convening in Rio next month.
Over the past few days, environment ministers discussed efforts to address climate change, biodiversity loss and environmental degradation. They also assessed public and private financing strategies to support climate change adaptation, transition policies and the disproportionate impacts on vulnerable populations, Brazil’s Environment Minister Marina Silva said in opening remarks at Thursday’s meeting.
“In the Amazon, Cerrado and Pantanal biomes, record drought isolates communities and cities and triggers wildfires of enormous proportions,” Silva said. “The situation is no different globally, showing in three dimensions the damage and suffering that average temperatures of 1.5°C above pre-industrial levels are already causing to much of humanity.”, which aims to limit global warming to well below 2°C above pre-industrial levels.
Heads of state on Nov. 18-19 will assess the proposals their proxies have developed in the run-up to their meeting.has put issues that concern the developing world — such as the reduction of inequalities and the reform of multilateral institutions — at the heart of the country’s G20 presidency.
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