“Those who work in agriculture today are worried about the future. That`s normal. But in fact, agriculture is not sacrificed in the agreement,” she stressed. The trade agreement “does not mean that we agree with all the policies of these countries, but it is a way of anchoring Brazil in the Paris agreement,” Malmstrom said. Last month, after two decades of talks, the EU announced a provisional trade agreement with Mercosur countries – Argentina, Brazil, Paraguay and Uruguay – one of the largest agreements ever negotiated. The upcoming UN climate change conference in Madrid is a milestone in bringing the Paris Agreement to life. However, the agreement has yet to be finalised, including under Article 6. It`s certainly “hard to know… “I think it will take at least two years before implementation,” she said. Malmstrom also criticized opponents of the agreement who had not read the agreement. “Some have not really read the agreement and have circulated rumors, misinterpretations that terrify people,” she said. A meeting between brazil`s current Foreign Minister Ernesto Araéjo on 13 September and US Secretary of State Mike Pompeo was of particular concern to environmentalists.
At the meeting, the Governments of Bolsonaro and Trump pledged to promote the sustainable development of the private sector in the Amazon and pledged to create a $100 million biodiversity conservation fund. Although no details have been proposed on an agreement, conservationists expressed concern about the use of the term “development” in the context of the world`s largest rainforest. In an interview with AFP, Cecilia Malmstrom said that the EU-Mercosur treaty was “a good agreement that does not sacrifice European agriculture” and welcomed one of the last agreements under his mandate, which will end on 31 October after it is signed with Japan and Canada. Under the 2015 Paris Agreement, Brazil has committed to reducing 37% of its CO2 emissions by 2025 and 43 percent by 2030, meaning that total annual emissions of 1.3 gigatonnes of CO2 equivalent will be reached in six years and 1.2 Gt2 in 11 years. (GtCO2e, or “Gigatons equivalent to carbon dioxide” is a simple way to express all greenhouse gas emissions, whether they come from CO2, methane, etc.). The increase in Amazon rainforest fires in August highlighted how Brazil is moving in the opposite direction to its climate change targets, including zero illegal deforestation by 2030. The University of Maryland analysis clearly shows the benefits of Article 6, but it highlights the extent of the changes that occur for some countries when nature-based solutions are integrated into the carbon markets that will operate in accordance with Article 6. In the case of Brazil and the development potential of these natural carbon sinks, the benefits will fall to $20 billion per year by 2030, which could bring considerable economic growth to the Amazon and encourage landowners to consider enhanced options.
However, this potential can only be unleashed if Article 6 aims to incorporate solutions close to nature, if national negotiators meet at COP25 in Madrid to finalize the regulatory framework. This story is part of Covering Climate Now, a global collaboration of more than 300 news agencies around the world to strengthen coverage of climate history. Deforestation rates have increased rapidly in recent years and 2020 will be no exception.