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Europe N. Resource & Environmental Economics United Kingdom

Brazil, Indonesia and DRC in talks to form ‘Opec of rainforests’

https://www.theguardian.com/environment/2022/nov/05/brazil-indonesia-drc-cop27-conservation-opec-rainforests-aoe

The big three tropical rainforest nations – Brazil, Indonesia and the Democratic Republic of the Congo – are in talks to form a strategic alliance to coordinate on their conservation, nicknamed an “Opec for rainforests”, the Guardian understands.

The election of Luiz Inácio Lula da Silva, known as Lula, has been followed by a flurry of activity to avoid the destruction of the Amazon, which scientists have warned is dangerously close to tipping point after years of deforestation under its far-right leader, Jair Bolsonaro.

During his first speech as president-elect, Lula pledged to fight for zero deforestation in the Amazon, while Colombia has proposed creating an Amazon bloc at Cop27, and Norway’s environment minister is moving to reinstate a billion-dollar fund to protect the rainforest after it was halted under Bolsonaro.

Brazil, Indonesia and DRC are home to 52% of the world’s remaining primary tropical forests, which are crucial to avoiding climate catastrophe, and the conservation talks are fulfilling a campaign promise by Lula.