Berliner Boersenzeitung - Brazil's Lula, world leaders bolster UN climate talks

EUR -
AED 4.033632
AFN 75.554639
ALL 98.772991
AMD 426.769718
ANG 1.987359
AOA 1013.613232
ARS 1071.533469
AUD 1.61591
AWG 1.97671
AZN 1.871252
BAM 1.955661
BBD 2.226442
BDT 131.77065
BGN 1.958126
BHD 0.413671
BIF 3199.173
BMD 1.098172
BND 1.431298
BOB 7.619459
BRL 5.992932
BSD 1.102722
BTN 92.528435
BWP 14.585965
BYN 3.608644
BYR 21524.172736
BZD 2.222642
CAD 1.491263
CDF 3152.852434
CHF 0.941709
CLF 0.036817
CLP 1015.897916
CNY 7.707466
CNH 7.796148
COP 4619.972186
CRC 571.959416
CUC 1.098172
CUP 29.10156
CVE 110.257177
CZK 25.371843
DJF 196.356067
DKK 7.460437
DOP 66.315295
DZD 146.42761
EGP 53.048236
ERN 16.472581
ETB 131.91484
FJD 2.429651
FKP 0.836323
GBP 0.836926
GEL 3.00942
GGP 0.836323
GHS 17.444762
GIP 0.836323
GMD 75.774264
GNF 9520.324478
GTQ 8.532395
GYD 230.693631
HKD 8.529514
HNL 27.419054
HRK 7.466484
HTG 145.389684
HUF 401.715553
IDR 17208.356468
ILS 4.188324
IMP 0.836323
INR 92.279785
IQD 1444.497505
IRR 46238.535747
ISK 148.978448
JEP 0.836323
JMD 174.237637
JOD 0.778059
JPY 163.312508
KES 142.249907
KGS 93.019347
KHR 4475.682425
KMF 493.024776
KPW 988.354248
KRW 1479.095448
KWD 0.336404
KYD 0.918935
KZT 532.542213
LAK 24349.272279
LBP 98745.393447
LKR 323.85702
LRD 212.8149
LSL 19.264533
LTL 3.242617
LVL 0.664274
LYD 5.258627
MAD 10.785735
MDL 19.346627
MGA 5050.641628
MKD 61.615628
MMK 3566.820073
MNT 3731.588673
MOP 8.817974
MRU 43.654902
MUR 51.054436
MVR 16.857357
MWK 1912.064328
MXN 21.173201
MYR 4.635938
MZN 70.177291
NAD 19.264533
NGN 1798.454863
NIO 40.577121
NOK 11.700809
NPR 148.045495
NZD 1.783123
OMR 0.42283
PAB 1.102722
PEN 4.107709
PGK 4.391688
PHP 62.203216
PKR 305.994888
PLN 4.317782
PYG 8595.390108
QAR 4.020515
RON 4.98296
RSD 117.010697
RUB 104.99255
RWF 1493.993993
SAR 4.125043
SBD 9.091451
SCR 16.483971
SDG 660.554542
SEK 11.385387
SGD 1.431581
SHP 0.836323
SLE 25.09027
SLL 23028.113751
SOS 630.155287
SRD 34.266988
STD 22729.944822
SVC 9.648315
SYP 2759.190222
SZL 19.256634
THB 36.545012
TJS 11.743567
TMT 3.854584
TND 3.373161
TOP 2.572033
TRY 37.608083
TTD 7.478469
TWD 35.455625
TZS 3004.786793
UAH 45.397479
UGX 4043.713075
USD 1.098172
UYU 46.116728
UZS 14049.003142
VEF 3978186.045782
VES 40.620775
VND 27201.722381
VUV 130.377195
WST 3.072096
XAF 655.910459
XAG 0.034122
XAU 0.000414
XCD 2.967865
XDR 0.820042
XOF 655.910459
XPF 119.331742
YER 274.876415
ZAR 19.192369
ZMK 9884.870451
ZMW 29.02794
ZWL 353.610961
  • RELX

    -0.3200

    46.29

    -0.69%

  • RBGPF

    58.9400

    58.94

    +100%

  • NGG

    -0.4700

    66.5

    -0.71%

  • CMSC

    -0.0400

    24.7

    -0.16%

  • SCS

    0.3500

    12.97

    +2.7%

  • RYCEF

    0.0000

    6.98

    0%

  • CMSD

    -0.0770

    24.813

    -0.31%

  • VOD

    -0.0300

    9.66

    -0.31%

  • GSK

    0.4500

    38.82

    +1.16%

  • RIO

    -0.1300

    69.7

    -0.19%

  • BCC

    0.6100

    138.9

    +0.44%

  • JRI

    -0.0200

    13.28

    -0.15%

  • BCE

    -0.1300

    33.71

    -0.39%

  • BTI

    0.1800

    35.29

    +0.51%

  • BP

    0.4200

    32.88

    +1.28%

  • AZN

    -0.4600

    77.47

    -0.59%

Brazil's Lula, world leaders bolster UN climate talks
Brazil's Lula, world leaders bolster UN climate talks / Photo: Fayez Nureldine - AFP

Brazil's Lula, world leaders bolster UN climate talks

UN climate talks got a fillip Wednesday as Brazilian president-elect Luiz Inacio Lula da Silva launched the country back into the battle to curb global warming and global leaders reaffirmed key pledges.

Text size:

Lula arrived Tuesday in Egypt's Red Sea resort of Sharm el-Sheikh and went straight into climate diplomacy with meetings with US envoy John Kerry and China's Xie Zhenhua.

The leftist politician, who served as president from 2003 to 2010, is expected to inject much needed momentum into the COP27 climate talks in his first international trip since defeating far-right incumbent President Jair Bolsonaro, who presided over years of rampant Amazon deforestation.

"Brazil is back in the world to debate the climate issue," Lula tweeted late Tuesday. "We will be a source of pride for the world."

Lula is expected to present his plan for "zero deforestation" in a speech Wednesday afternoon at the COP27 conference.

Kerry told a COP27 biodiversity panel on Wednesday that the United States would work with other nations to help protect the Amazon.

"I was pleased last night to meet with president-elect Lula and was really encouraged by the ways in which he talked about for once and for all getting it right ... in order to preserve the Amazon," Kerry said.

"We will work diligently in order to achieve that goal together with our allies, particularly Norway and Germany and other countries that have been deeply committed to this for a period of time."

Under Bolsonaro, a staunch ally of agribusiness, average annual deforestation increased 75 percent compared to the previous decade.

"We need a new sense of hope to build trust and momentum towards a positive outcome at COP27," said Brazilian climate campaigner, Mariana Paoli, Christian Aid's global advocacy lead.

"President Lula's election victory in Brazil has the potential to breathe new life into this process with his progressive agenda that seeks to bring Brazil back to the table and end the disastrous climate policies of his predecessor."

In another boost to the UN climate process, a final communique from world leaders meeting at the Group of 20 talks in Bali, Indonesia included key promises to "pursue efforts" to curb global warming to 1.5 degrees Celsius above pre-industrial levels, a safer limit according to scientists.

The document, which also reiterated a commitment to phase out "inefficient" fossil fuel subsidies over the medium term, was welcomed by observers as a way to galvanise the climate talks as they enter their final days.

The G20 meeting was also the stage of a crucial meeting between US President Joe Biden and China's Xi Jinping, where the two leaders agreed to resume their climate cooperation.

Ani Dasgupta, head of the World Resources Institute, said positive signals from leaders at the G20 "should put wind in the sails" of negotiators in Egypt.

- Climate leadership -

Bolsonaro, who did not attend the G20 summit in Bali, has maintained a low profile since losing the Brazilian election.

While his government has a pavilion at COP27, former steelworker Lula deployed two of his former environment ministers to lay the groundwork for his visit.

One of them, Marina Silva, who is tipped to return to the job when Lula takes office on January 1, said Brazil wants to set an example with Lula's deforestation plan.

Latin America's most populous country grew more isolated under Bolsonaro, analysts say, in part due to his permissive policies towards deforestation and exploitation of the Amazon -- the preservation of which is seen as critical to fighting global warming.

Brazil is home to 60 percent of the Amazon, which spans eight countries and acts as a massive sink for carbon emissions.

Silva promoted the idea of creating a new national authority to coordinate climate action among government ministries, and of pursuing a reforestation target of 12 million hectares (over 29 million acres).

- Lula meets Kerry -

The incoming administration wants the United States to contribute to the Amazon Fund, considered one of the main tools to reduce deforestation in the planet's biggest tropical forest.

Following Lula's victory, the fund's main contributors, Norway and Germany, announced they would participate again, after freezing aid in 2019 in the wake of Bolsonaro's election.

Colombian President Gustavo Petro and his counterpart Nicolas Maduro of Venezuela presented at COP27 last week an Amazon protection initiative that they hope Brazil will join.

NGOs and Indigenous leaders want Lula to create the first ministry of Indigenous peoples.

Brazilian lawmaker and Indigenous leader Sonia Guajajara urged Lula to "think about social policies with the people".

(K.Lüdke--BBZ)