Eight nations from the Amazon region gathered in Brazil this week for a two-day Amazon Cooperation Treaty Organization (ACTO) summit. With the presence of the president of COP28 Dubai and the executive secretary of the UNFCCC, it was the first time that the group met in 14 years. Emmanuel Macron from France was also invited - French Guiana is part of the Amazon region - but did not participate.
If, on the one hand, the discussions involved questions of the original peoples and the preservation of the biome - and promised funding of US$ 100 billion per year, in addition to US$ 200 billion per year, until 2030, foreseen by the Global Framework for Biodiversity of Kunming- Montreal - on the other hand, debates over offshore oil development at the mouth of the Amazon River and off the coast of the Guianas, as we reported yesterday. In addition to a link to an article on oil and gas, we also discussed regional satellite monitoring, carbon credits by the BNDES and a possible meeting between the presidents of Brazil and the United States.
Regarding the final communiqué of the Summit, the last item caught our attention: “We take note of different developing country-driven initiatives relevant to the conservation and sustainable use of forest ecosystems, such as the Trilateral Cooperation on Tropical Forest and Climate Action by Brazil, the Democratic Republic of Congo and Indonesia, and the initiative, by the Republic of Congo, of hosting a Summit of the Three Basins of Biodiversity Ecosystems and Tropical Forests.”
It refers to the article published by Carbon Credit Markets in November 2022, “OPEC of the forests: Brazil, Indonesia and Congo united for their carbon credits” .
Chronologically, the prices of forest carbon credits have declined since then, as well as part of the international media began to criticise the quality of some of these credits, which were followed by actions focusing on their integrity.
Click on the image below for the OCTA portal with all the articles, declarations and the final communiqué, available in Portuguese, Spanish, English, French.
And here for GZero's "The Graphic Truth: The big picture of rainforest deforestation" chart showing the rate of deforestation in the Amazon between 2000 and 2021.
