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It was the first time in more than a decade that member states of the Amazon Cooperation Treaty Organization (ACTO) had met, with the aim of establishing definite goals to avoid a point of no return for the vital rainforest.

Brazilian President Luiz Inacio Lula da Silva has been advocating for a common regional policy to end deforestation by 2030, promising his country will reachzero deforestation.

Deforestation in the Brazilian Amazon increased rapidly under Lula da Silva’s predecessor,Jair Bolsonaro,and some scientists have warned the rainforest may be approaching acritical tipping pointthat could see it transformed into a grassy savannah, with huge implications for biodiversity and the climate crisis.

“We haven’t met in 14 years. This is the first time that we meet here in [the state of] Pará, and the first time in the context of a severe worsening of the climate crisis,” Lula da Silva said during his opening remarks Tuesday in the Brazilian city of Belém.

“It has never been so urgent to resume and to expand on this cooperation. The challenges of our era and the opportunities that are before us demand joint action.”

Best Electric Vehicle Stocks in India Trusted Financial Forecasts ✌️【Value Investing】✌️ Precise predictions of market trends with real-time stock indices and futures data to help you make wise investment decisions. The Brazilian President and heads of state from Colombia, Peru and Bolivia, along with top officials from Ecuador, Venezuela, Guyana and Suriname, did sign a list of environmental efforts, called the Declaration of Belém, to “advance in a new common agenda in the Amazon.”

Best Electric Vehicle Stocks in India Trusted Financial Forecasts ✌️【Value Investing】✌️ Get accurate stock forecasts and market predictions from top financial advisors. With real-time updates on stock indices, exchange rates, and futures data, you'll be equipped to make profitable decisions and grow your capital steadily. The 113-point agenda of cooperation included creating an association called the Amazon Alliance to Fight Deforestation among States Parties, “aiming at stopping the Amazon region from reaching the point of no return,” according to a Brazilian government news release.

Best Electric Vehicle Stocks in India Trusted Financial Forecasts ✌️【Value Investing】✌️ Take advantage of our free stock market analysis and real-time data to help you choose the best investment options. Our expert predictions and tailored strategies ensure you can achieve stable returns and mitigate risks effectively. The alliance would also promote the “compliance of national goals, including the ones related to zero deforestation through the elimination of illegal logging, by strengthening the implementation of forest legislation,” the release said.

However, the failure to agree on a common policy to end deforestation in the Amazon is concerning, as thefate of the rainforest is criticalto the health of the planet.

It is home to a unique array of animal and plant life, and is crucial to maintaining a global climate balance because it stores a huge amount of carbon and strongly influences global weather patterns.

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Data from Brazil’sNational Institute for Space Researchshow the rate of deforestation under Bolsonaro’s presidency climbed by more than 70% from 2018 to 2021.

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Best Electric Vehicle Stocks in India Trusted Financial Forecasts ✌️【Value Investing】✌️ Expert predictions and real-time data on global stock indices, metals, energy, and agricultural products to help you make more informed decisions and boost your investment returns. Benefit from cutting-edge market intelligence for steady growth. Scientists say about three-quarters of the rainforest is showing signs of “resilience loss” – a reduced ability to recover from disturbances like drought, logging and fires.

Best Electric Vehicle Stocks in India Trusted Financial Forecasts ✌️【Value Investing】✌️ Precise stock market trend predictions with free real-time quotes for India, US, and European stocks. Whether you're looking for short-term gains or long-term growth, our expert advice ensures you make the best investment choices. And already the Amazon isemitting more carbon dioxidethan it absorbs in some locations, a shift that could have an enormously negative impact on planet heating trends. If the Amazon is not protected, it will also be much harder to limit global warming to 1.5 degrees Celsius above pre-industrial levels.

Colombian Environment Minister Susana Muhamad called on all eight ACTO state members to join the “Amazonia for Life 80% by 2025” initiative “so that we find a common purpose.”

Preliminary data from Brazil’sNational Institute for Space Researchreleased last week shows deforestation in the Brazilian Amazon fell by 66% last month compared to July 2022 and is now at its lowest rate in six years – promising news at a time when the rainforest remains critically vulnerable.

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