Minister Joaquim Leite demands more resources from rich countries at COP26

“The target of 100 billion dollars was not met and this amount is no longer enough”, he said.
Minister for the Environment, Joaquim Leite, spoke in Glasgow. Photo: Marcelo Camargo/Agência Brasil

The Minister of the Environment, Joaquim Leite, spoke this Wednesday (10) at the 26th COP26 (United Nations Conference on Climate Change), in Glasgow, Scotland, and once again demanded from developed countries the resources promised to help other nations to combat the climate crisis. 

He reinforces the importance of countries – which have not yet reached the stipulated target – mobilizing the necessary resources to achieve the desired objectives of this conference. “The target of US$ 100 billion was not met and this amount is no longer enough for the world to build a new green economy with a responsible transition.”

Read too: COP26: minister highlights the importance of solar energy during the water crisis

“More ambitious volumes are needed, with easy access and agile execution, so that the transformation occurs in an inclusive way in each territory around the world, primarily in regions that are most vulnerable in terms of climate and economic development”, emphasized Leite.

In an announcement at the beginning of COP26, Brazil committed to eliminating illegal deforestation by 2028 and also reduce polluting gas emissions by 50% by 2030.

In a conference held on Tuesday (9) in the Brazil pavilion at COP26, and broadcast on the Ministry of the Environment's YouTube, Leite had already argued on the topic. 

“Brazil is a country that has several territories with various characteristics. Some regions need a lot of support for the transition from fossil fuel to renewable energy to happen”, he clarified, hinting at the need for financial incentive. 

Alongside Leite at the conference, senator Rodrigo Pacheco (PSD-MG), current president of the Federal Senate, criticized the country's deforestation. He acknowledged that the country needs to make a mea culpa.

“It is very important that we sit at the table, establishing a premise that is true and that cannot be hidden: we have a serious problem in Brazil with illegal deforestation of our forests. This obviously impacts our environmental responsibility”, reported Pacheco.

The senator emphasized that deforestation is responsible for the crisis in Brazil's image among other nations. “It is very important to diagnose the problem, to recognize to the world that we have this problem, but that we are on the path to solving it”, he explains. Given the statement, the minister did not comment.

Pacheco also highlighted the importance of photovoltaic energy in Brazil at the current time. “We have a real gold rush in the solar energy sector. Many people are interested, many investors from large corporations. Not only because it is environmentally correct, sustainable and clean, but it also has an important economic character. This is the future: alternative energy sources that could enable us to develop our economy with environmental conservation.”

Insufficient global goals

The draft COP26 agreement, prepared by the United Kingdom, indicates that the climate targets presented by countries during the conference are not sufficient to limit global warming to 1.5 ºC above pre-industrial levels.

The document then calls on countries to review their climate goals by the end of 2022 and commit to more ambitious numbers. According to the study released at COP26, what has been promised by nations so far would still lead to an increase of 2.4ºC, resulting in drastic consequences.

The draft also calls for the urgency of reviewing the value of the annual transfer of resources by rich countries to combat the climate crisis. The text also sees the value of US$ 100 billion as insufficient to assist poor and developing nations.

Picture of Redação do Canal Solar
Redação do Canal Solar
Text produced by Canal Solar journalists.

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