Pay Us or We Continue to Raze the Amazon
The message of the day is Pay Us or We Continue to Raze the Amazon.
The proposal was made as the Brazilian president prepares for a virtual environmental summit with roughly 40 heads of state hosted Thursday and Friday by President Biden, who has made battling climate change a centerpiece of his administration.
The request is likely just among the first of many similar to follow as developing nations start to negotiate with industrialized countries about who pays for costly programs to address climate change.
This fall, the nations of the world are to set new, more ambitious targets for reducing greenhouse-gas emissions, and developing countries want their richer peers to make good on pledges from the original Paris climate negotiations to mobilize $100 billion a year in public and private financing for them.
Top Indian officials made that among their top requests to John Kerry, the Biden administration’s special envoy on climate change, when he visited earlier this month, according to the Indian Finance Ministry on Twitter.
Ricardo Salles, Brazil’s environment minister, calculated that it is entitled to as much as $294 billion for curtailing deforestation.
“We think that $1 billion, which is only 5% of the $20 billion that were mentioned during the campaign…is a very reasonable amount that can be mobilized up front,” Mr. Salles said.
Under Mr. Bolsonaro’s watch, Amazon deforestation jumped by 9.5% in the year ending July 31, 2020, a 12-year high.
Today $1 billion, tomorrow $294 billion.
Should we pay the bribe?
Before answering you may wish to consider Global Net Zero Climate Change Targets are 'Pie in the Sky' according to Raj Kumar Singh, India's minister for power.