• About
  • Advertise
  • Privacy Policy
  • Contact
Tuesday, July 1, 2025
  • Login
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
No Result
View All Result

ACTO Members Call For Rich Countries’ Aid To Protect Amazon Forest

August 9, 2023
Comfort Ampomaaby Comfort Ampomaa
in Around the Globe
0
ACTO Members Call For Rich Countries’ Aid To Protect Amazon Forest

Luiz Inácio Lula da Silva, the President of Brazil, speaks to his minister of Indigenous peoples, Sonia Guajajara, at the Amazon summit.

Members of the Amazon Cooperation Treaty Organization (ACTO) have called on rich countries to help them develop a Marshall-style plan to protect the Amazon forest, the world’s largest rainforest.

This came as the two-day Amazon Cooperation Treaty Organization summit, held in the northern Brazilian city of Belem, to address pressing challenges facing the rainforest, came to an end.

It was the first summit in 14 years for the eight-nation group, set up in 1995 by the South American countries that share the Amazon basin. The group’s members are Bolivia, Brazil, Colombia, Ecuador, Guyana, Peru, Suriname and Venezuela.

RelatedPosts

World Leaders Rally To Rescue SDGs

UN Backs Iran-Israel Ceasefire Amid Renewed Violence

UN Calls For Talks As Iran-Israel Attacks Escalate

Marshall-style plan is strategy in which developing countries’ debt is cancelled in exchange for action to protect the climate.

In a joint declaration at the end of the summit on Wednesday, August 9, 2023, the leaders stated that ensuring the Amazon forest’s survival could not be solely up to them, as resources from the forest were consumed globally.

As such, they urged for debt relief in exchange for climate action, agreed to strengthen regional law enforcement cooperation to crack down on human rights violations, illegal mining and pollution, and urged industrialised countries to comply with obligations to provide financial support to developing countries.

However, the ACTO members were unable to commit to zero deforestation across the biome by 2030 amid divisions over oil extraction.

The leaders failed to take a united position on the role of extractive industries in the region such as beef, oil and mining, which are the primary drivers of its destruction.

President of Colombia, Gustavo Petro, called for an end to the search for fossil fuels in the Amazon, which are the primary driver of global heating, but Brazil, Venezuela and other oil producers did not agree.

During a discussion on ways to help reforest pasture and plantations that have been previously cleared, Petro averred, “A jungle that extracts oil – is it possible to maintain a political line at that level? Bet on death and destroying life?”

Nonetheless, the leaders indicated that they would work together to ensure the forest’s survival through sustainable economic development, appealing for extra resources from industrialised countries to do so before COP28, the United Nations climate summit. 

Brazilian President, Luiz Inácio Lula da Silva told delegates at the closing of the ACTO summit, “The forest unites us. It is time to look at the heart of our continent and consolidate, once and for all, our Amazon identity.”

“The Amazon is our passport to a new relationship with the world, a more symmetric relationship, in which our resources are not exploited to benefit few, but rather valued and put in the service of everyone.”

Luiz Inácio Lula da Silva

“There Isn’t Much Concrete In There”

According to Marcio Astrini, the Executive Secretary of the Climate Observatory group, the declaration was not strong enough.

Astrini opined, “It’s a first step. It was important for [these leaders] to come together but there isn’t much concrete in there.”

“It’s a list of very generic promises. It was lacking something more forceful,” he added.

“We’re living in a world which is melting. We are breaking temperature records all the time. How can it be that in a 22-page declaration the Presidents of eight Amazon countries can’t clearly state that deforestation needs to stop?”

Marcio Astrini

The Amozon forest, home to an estimated 10 percent of Earth’s biodiversity, 50 million people and hundreds of billions of trees, is a vital carbon sink, reducing global warming.

Scientists warn that the destruction of the rainforest is pushing it dangerously close to a “tipping point” beyond which trees would die off and release carbon rather than absorb it, with catastrophic consequences for the climate.

READ ALSO: Director of Department of Agriculture Calls on Cashew Farmers to Focus on Quality and Processing to Boost Export Earnings

Tags: Amazon Cooperation Treaty OrganizationAmazon forestGustavo PetroLuiz Inácio Lula da SilvaMarcio Astrini
Please login to join discussion
Previous Post

Community Mining Scheme Is An Answer To Galamsey- CEO Of Minerals Commission

Next Post

World Bank Ranks Ghana Among the First 10 Countries Globally with Highest Food Inflation

Sign up for The Vaultz analytic wire

Get weekly news analysis from top editors at The Vaultz and stay informed on trending economic and business issues from across the globe.

Related Posts

His Eminence Cardinal Peter Kojo Appiah Turkson
General News

Cardinal Turkson Champions Moral Awakening, Virtue at National Day of Prayer

July 1, 2025
Record Channel Crossings Test Labour’s Resolve
UK

Record Channel Crossings Test Labour’s Resolve

July 1, 2025
BB1j7nN4
Europe

Poland To Temporarily Reinstate Border Controls With Germany And Lithuania

July 1, 2025
Amaarae Calls for Calm After Shatta Wale Praise Sparks Backlash
Entertainment

Kuami Eugene Expresses Intense Admiration for Amaarae’s Talent

July 1, 2025
PNP petitions Otumfuo Osei Tutu II on suspended Chief Justice
General News

PNP Appeals To Asantehene Over Suspended Chief Justice Suspension

July 1, 2025
Terkper Urges Government To Pursue Significant Budgetary Changes
Economy

Geopolitical Tensions Could Fuel Inflation and Weaken the Cedi- Seth Terkper Sounds Alarm

July 1, 2025
His Eminence Cardinal Peter Kojo Appiah Turkson
General News

Cardinal Turkson Champions Moral Awakening, Virtue at National Day of Prayer

by Evans Junior OwuJuly 1, 2025
Record Channel Crossings Test Labour’s Resolve
UK

Record Channel Crossings Test Labour’s Resolve

by Lawrence AnkutseJuly 1, 2025
Europe

Poland To Temporarily Reinstate Border Controls With Germany And Lithuania

by Comfort AmpomaaJuly 1, 2025
Amaarae Calls for Calm After Shatta Wale Praise Sparks Backlash
Entertainment

Kuami Eugene Expresses Intense Admiration for Amaarae’s Talent

by Esther Korantemaa OffeiJuly 1, 2025
PNP petitions Otumfuo Osei Tutu II on suspended Chief Justice
General News

PNP Appeals To Asantehene Over Suspended Chief Justice Suspension

by Lilian AhedorJuly 1, 2025
Terkper Urges Government To Pursue Significant Budgetary Changes
Economy

Geopolitical Tensions Could Fuel Inflation and Weaken the Cedi- Seth Terkper Sounds Alarm

by Stephen M.CJuly 1, 2025
His Eminence Cardinal Peter Kojo Appiah Turkson
Record Channel Crossings Test Labour’s Resolve
Amaarae Calls for Calm After Shatta Wale Praise Sparks Backlash
PNP petitions Otumfuo Osei Tutu II on suspended Chief Justice
Terkper Urges Government To Pursue Significant Budgetary Changes
[/vc_row_inner]

Recent News

  • Cardinal Turkson Champions Moral Awakening, Virtue at National Day of Prayer
  • Record Channel Crossings Test Labour’s Resolve
  • Poland To Temporarily Reinstate Border Controls With Germany And Lithuania
  • Kuami Eugene Expresses Intense Admiration for Amaarae’s Talent
  • PNP Appeals To Asantehene Over Suspended Chief Justice Suspension
The Vaultz News

Copyright © 2021 The Vaultz News. All rights reserved.

Navigate Site

  • About
  • Advertise
  • Privacy Policy
  • Contact

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2D
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships

Copyright © 2021 The Vaultz News. All rights reserved.