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Big Companies Forced to Rethink Their Carbon-Credit Strategies

Environment + Energy Leader

Rainforests are carbon sinks, absorbing 7.6 Rainforest nations need an estimated $100 billion to ensure the survival of their lands. billion metric tons of CO2 annually. The carbon markets will raise some of that money. But the trading system must be accredited.

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Climate Policy in the World’s Fourth Largest Country

Legal Planet

Indonesia has the third largest rainforest after Brazil and Congo. Indonesia’s 2021 climate pledge under the Paris Agreement was to reduce emissions from 2020-2030 by 29%. Over three-fourths of Indonesia electricity comes from fossil fuels: 60% from coal and 16% from gas.

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Brazil Advances in Climate Change Litigation

Legal Planet

The Amazon rainforest on the Urubu River. Climate litigation is gaining momentum in Brazil as a tool to protect the Amazon rainforest from illegal deforestation. The Brazilian court became the world’s first to give this status to the Paris Agreement, setting an important precedent for Brazil and the world.

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Mexico y el Cambio Climático

Legal Planet

The geography is extremely diverse, featuring high mountains, deserts, and rainforest. Mexico’s climate commitment for 2030 under the Paris Agreement calls for cutting emissions 22%, cutting black carbon by half, and achieving net-zero deforestation. Because of its geography, Mexico is vulnerable to climate impacts.

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COP28: Sombre climate report indicates we are on track for 3 degrees C warming

A Greener Life

This is double the target that world leaders agreed to in 2015, when the Paris Agreement deal was struck and subsequently implemented. These would see the melting of the world’s ice sheets and the drying out of the Amazon rainforest – just to quote some examples.

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A new climate litigation claim in Brazil raises the pressure for increased climate action and protection of the Amazon rainforest

Law Columbia

It contributes to increasing pressure against President Bolsonaro for widespread environmental damage across the country, resulting from a significant lack of climate action and the pervasive destruction of the Amazon rainforest. To align itself with the Paris Agreement, Brazil should actually increase its ambition.

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The alliance of carbon-negative countries

A Greener Life

Suriname is 93% rainforest. According to their first Nationally Determined Contribution to the Paris Agreement, the country emits 192 million tonnes of CO2 and absorbs 215 million. All three countries have relatively modest emissions and extensive areas of forestry for their size. Another factor is low population density.