Connect with us

International

Brazil firms, NGOs urge Biden to create forest fund

AFP

Hundreds of Brazilian companies and environmental groups urged President Joe Biden to make good on US climate pledges as lawmakers in Washington prepared to debate a measure Thursday on launching a $9 billion anti-deforestation fund.

The AMAZON21 bill, aimed at helping developing countries protect their forests, “would represent an important expression of commitment by President Biden and the US Congress regarding the fight against climate change by targeting one of the main sources of greenhouse gas emissions,” the Brazilians wrote in a letter to Biden and congressional leaders.

The US House Foreign Affairs Committee will hold hearings Thursday on the legislation, introduced after Biden promised at the UN climate summit in Glasgow last November to provide that amount to fund projects that fight deforestation.

Home to around 60 percent of the Amazon rainforest, Brazil is a key player in the battle to stop the advancing destruction of the world’s forests, which is accelerating global warming by turning them from carbon absorbers to carbon sources.

Advertisement
20250701_vacunacion-influenza-728x90
20250701_vacunacion_vph-728x90
20250701_dengue_728x90
20250501_mh_noexigencia_dui_728x90
20231124_etesal_728x90_1
20230601_agenda_primera_infancia_728X90
domfuturo_netview-728x90
20240604_dom_728x90
CEL
previous arrow
next arrow

The letter, dated Tuesday, highlighted recent studies finding that more than three-quarters of the Amazon has been losing its resilience since the start of this century, and that the world’s biggest rainforest is approaching a “tipping point.”

The document was signed by a broad-based list of 23 coalitions representing more than 300 companies and organizations, ranging from agribusiness firms that are themselves accused of fueling deforestation — top beef exporter JBS and soy exporter Cargill, for example — to environmental and indigenous-rights groups.

Brazil’s government has long argued wealthy nations should contribute financing for developing countries to protect their forests, to offset the revenue lost by not developing the land.

The letter was addressed to Biden, Secretary of State Antony Blinken, House Speaker Nancy Pelosi and other top-ranking members of Congress.

To be effective, it said, the bill needs to establish a “simple and transparent financing system.” 

Advertisement
20250701_vacunacion-influenza-728x90
20250701_vacunacion_vph-728x90
20250701_dengue_728x90
20250501_mh_noexigencia_dui_728x90
20231124_etesal_728x90_1
20230601_agenda_primera_infancia_728X90
domfuturo_netview-728x90
20240604_dom_728x90
CEL
previous arrow
next arrow

It should also lay out “clear rules” for funding projects that bring in government, the private sector, universities and organizations; allocate resources based on results; and prioritize funds for indigenous peoples and others who live in and protect forests.

Continue Reading
Advertisement
20250701_vacunacion-influenza-300x250
20250701_vacunacion_vph-300x250
20250701_dengue_300x250_01
20250701_dengue_300x250_02
20250501_mh_noexigencia_dui_300x250
20231124_etesal_300x250_1
20230601_agenda_primera_infancia_300X250
MARN1

International

Trump to decide soon on deportation exemptions for construction and farm workers

U.S. President Donald Trump stated on Tuesday in Florida that he will make a decision in the coming weeks regarding exemptions from deportations for workers in the construction and agriculture sectors.

Trump made these remarks to the media during a visit to the new migrant detention center, ‘Alligator Alcatraz,’ located in the middle of a wetland in Florida, the White House reported.

ICE (Immigration and Customs Enforcement) raids have targeted many of these workers, sparking fear among them and threatening to slow down two sectors that are vital to the U.S. economy.

In construction, 25.7% of workers are immigrants, and 14.1% of the total workforce nationwide is undocumented, according to the American Immigration Council.

In agriculture, the percentage of undocumented employees rises to 42%, according to data from the Department of Agriculture cited by the New York Times.

Advertisement

20250701_vacunacion-influenza-728x90
20250701_vacunacion_vph-728x90
20250701_dengue_728x90
20250501_mh_noexigencia_dui_728x90
20231124_etesal_728x90_1
20230601_agenda_primera_infancia_728X90
domfuturo_netview-728x90
20240604_dom_728x90
CEL

previous arrow
next arrow

Continue Reading

International

IDB plans $11 billion in sustainable financing to support countries facing currency risks

The Inter-American Development Bank (IDB) aims to unlock at least $11 billion in sustainable financing to help countries address challenges including natural disasters that strain their currencies and hinder private sector investment.

As the United States and other wealthier countries reduce official development assistance, multilateral lenders face pressure to find new ways to tackle issues such as climate change and biodiversity loss. During the Fourth International Conference on Financing for Development, IDB President Ilan Goldfajn stated that the measures adopted by the IDB are expected to inspire more private sector contributions, which is a key priority of the conference.

“We are not just announcing ideas; we are launching what the private sector is asking for: credible tools, scalable platforms, and real opportunities to invest with impact and confidence,” he added.

Support will include a new platform designed to help countries manage the risk of large swings in their national currencies that can deter international investors by making returns harder to predict. Based on a program in Brazil that has already attracted $8 billion from the private sector since its launch last year, the plan is to expand the concept to other regional economies over the next three years and at least double the amount mobilized.

Called FX EDGE, the platform will offer a credit line that activates if a currency drops sharply—a common problem during political or debt crises or after natural disasters—ensuring debtors can continue to service their loans in dollars or other foreign currencies.

Advertisement

20250701_vacunacion-influenza-728x90
20250701_vacunacion_vph-728x90
20250701_dengue_728x90
20250501_mh_noexigencia_dui_728x90
20231124_etesal_728x90_1
20230601_agenda_primera_infancia_728X90
domfuturo_netview-728x90
20240604_dom_728x90
CEL

previous arrow
next arrow

The platform also aims to enable greater use of long-term currency hedging instruments, such as derivatives, through local banks and financial institutions, backed by the IDB’s credit rating.

Continue Reading

International

Maduro’s government appeals to Vatican for help rescuing migrant children

Este lunes, durante su programa semanal ‘Con Maduro +’, el mandatario venezolano anunció que pediría al sumo pontífice su ayuda para rescatar a 18 niños migrantes.

“Yo sé que el papa es un hombre que comprende estos temas. Le pido ayuda a la Iglesia católica, apostólica y romana, al papa León, para que la Iglesia católica de Estados Unidos y la Iglesia católica de El Salvador proteja a los migrantes y nos ayude con sus gestiones para rescatar a estos niños y a estas niñas”, indicó Maduro en el espacio transmitido por VTV.

Más temprano, Rodríguez había pedido al alto comisionado de la ONU para los Derechos Humanos, Volker Türk, y al coordinador residente de la ONU en Venezuela, Gianluca Rampolla, pronunciarse sobre este hecho y exigió a Washington devolver a los pequeños.

Continue Reading

Trending

Central News