Connect with us

Published

on

Carolina Pasquali is executive director of Greenpeace Brazil and Jasper Inventor is executive director of Greenpeace Southeast Asia.

In times like these, we must ask ourselves some fundamental questions. Why is war perpetual? Why do so many people lack the basic necessities of life while oligarchs burn a billion dollars to travel to space for a few seconds? Why do we value dead trees but not living forests?

Something is very wrong in the prevailing global logic and systems. For one, we reward the destruction and degradation of the Earth. Reigning economic logic sees value in logs, gold, palm oil, meat and dairy – but none in the Amazon rainforest, or the great forests of Indonesia or the vast Congo Basin in Africa. This green belt of life crosses oceans and sustains all of us – providing clean air, regulating the weather, storing carbon, and basically ensuring a livable Earth.

Yet we allow these forests to be razed, burned, mined or auctioned for carbon credits while a small minority reap the spoils. This plunder that has hurt Indigenous communities for centuries continues to this day, and now threatens all life on Earth with runaway ecological and climate breakdown.

Globally, we lose the equivalent of 11 football fields of forest with each passing minute, resulting in the release of 2.7 gigatonnes of CO2 into the atmosphere—as much as India’s annual fossil fuel’s emission.

Reward those who protect forests

All this could change if a planned new ecologically-minded investment mechanism, the Tropical Forests Forever Facility (TFFF), is successfully developed. Proposed in Dubai at COP28, the Facility is expected to launch when Brazil hosts the next COP in November.

In simple terms, the Facility proposes to help correct the basic illogic of our global economic system. Instead of rewarding the destruction of the forests, we will reward those who protect them. It is an idea supported by Global South nations around the world.

Global forest loss hits “frightening” record high with climate-fuelled fires

With an initial investment of $25 billion raised through high-income countries and philanthropic sources, the Facility will act as an investment portfolio, intending to yield returns for loan providers and eventually generating $4 billion annually for nations that protect their tropical forests.

Initial versions of the TFFF concept have been shared publicly and are now in a period of review. As executive directors of Greenpeace offices in tropical forest regions, we welcome the initiative with caution. For too long we have seen empty commitments from companies and governments alike to end deforestation, without success. 

Fighting corporate capture

To succeed where so many have failed, the Facility must effectively prevent corporate co-optation and greenwashing. As long-time members of the environmental  movement, we have witnessed the steady and alarming pace of corporate capture of our public institutions everywhere.

The last three climate COP negotiations were flooded by polluting corporations. Meanwhile civil society, Indigenous groups, and local communities were sidelined in the halls they built—and none of the powerful nations delivered on any of their promises. 

Brazilian President Luiz Inácio Lula da Silva can be successful in his administration’s proposed Facility if it genuinely centres Indigenous Peoples and local communities. This means recognizing that although they make up just 5% of the world’s populations, Indigenous Peoples safeguard at least a fifth of all land on Earth.

“It’s shameful”: Amazon Indigenous people call for oil drilling ban at COP30

After years of advocacy by tribes in Papua, Indonesia, local governments have begun issuing formal recognition of Indigenous land rights, a true milestone for climate and biodiversity protection.

In Africa, meanwhile, the Congo Basin is gravely threatened by oil drilling, industrial logging, and agribusiness. Its carbon-rich peatlands, crucial for climate stability, face uncertain futures. And in Brazil, the National Congress seeks to advance bills that open Indigenous lands for exploitation and threaten their very existence.

Put forest communities at the centre

Communities across these forests are gravely threatened by violent and insatiable plunder. Yet they have not turned their backs on the forests. Simply put, this Facility must provide the people connected with tropical forests the necessary respect, audience, and funds to protect their ancestral homes.

We need to see mechanisms for direct access of funds to Indigenous Peoples and local communities, along with their strong participation in governance and decision-making structures.

The Facility must also ensure strong monitoring of deforestation and forest degradation methods, and ensure that destructive industries are ineligible for investments. Investments must not further drive biodiversity loss and the climate crisis, or fuel armed conflicts.

Cobalt and nickel-free electric car batteries boom in “good news” for rainforests

New opportunity to fund forests

Critics of the Facility have cited its controversial origins as well as its potentially misguided attempt to protect forests through assigning monetary value (often too low). They have raised questions about funding sources, monitoring, and mechanisms.

Yet we urgently need to find ambitious means to preserve our great forests. The UN’s Sustainable Development Goals are short trillions of dollars and TFFF will not be able to fill this gap on its own. But it is a start – an opportunity and a new model that can ultimately halt deforestation and forest degradation globally.

Set to be launched at November’s COP30 in the heart of the Amazon forest, what better homage to the biggest rainforest in the world than for Brazil to announce a truly effective initiative for a change?

In times like these, at our darkest hour, change isn’t just possible—it’s necessary and inevitable. Brazil’s offering is a sign of the change that is to come. This Facility has a critical opportunity to forge a new path that can benefit all life on Earth.

The post Brazil’s new funding initiative can help bring rainforests back from the brink – if done right appeared first on Climate Home News.

Brazil’s new funding initiative can help bring rainforests back from the brink – if done right

Continue Reading

Climate Change

Duke Energy Received Tax Breaks on Its Three N.C. Data Centers

Published

on

Meanwhile, the utility is proposing rate hikes to pay for natural gas plants that would power data centers statewide.

Duke Energy has received tax breaks for three data centers that it owns, state Commerce Department records show, while the utility is proposing an 18 percent rate hike on its North Carolina customers and reported $4.9 billion in gross profits last year.

Duke Energy Received Tax Breaks on Its Three N.C. Data Centers

Continue Reading

Climate Change

Thousands of People Say Roundup Caused Their Cancer. The Supreme Court May Quash Their Lawsuits.

Published

on

The case centers around the regulation of glyphosate, the world’s most commonly used herbicide, which researchers have linked to health problems in both animals and people.

John Durnell just wanted to make things around his St. Louis neighborhood look a little nicer. So, on occasion, he’d spray a bit of Roundup in the obvious places—along weedy sidewalks and in public spaces he thought needed a little extra attention.

Thousands of People Say Roundup Caused Their Cancer. The Supreme Court May Quash Their Lawsuits.

Continue Reading

Climate Change

Santa Marta marks a new chapter in climate diplomacy

Published

on

Professor Elisa Morgera is the UN Special Rapporteur on Climate Change and Human Rights.

In the global fight against catastrophic, human-induced climate change, diplomacy plays a vital role.

Historic initiatives like the Paris Agreement and the Fund for Responding to Loss and Damage were the consequence of tireless, coordinated international efforts of states, civil society and scientists. The role of COP, and other summits like it, remains key. However, they are coming under increasing pressure.

Last year the climate COP30 was unable to take a decision on fossil fuels, despite calls from over 80 states, as well as children and youth, medical professionals, Indigenous peoples and climate justice movements. A landmark deal to cut global shipping emissions was put on ice and global talks to develop a much-needed treaty to end plastic pollution were stalled by a few states who wish to avoid even mentioning fossil fuels in international negotiations.

    In these instances, the process of building consensus was hijacked by actors whose priorities lie in the continued exploration and production of fossil fuels, magnifying the views of a handful of powerful states at the expense of all others.

    In recent months, illegal aggressions in Venezuela and Iran, armed conflicts, political turbulence and economic instability have conspired to make international cooperation harder. At the same time, the impact our reliance on fossil fuels and petrochemical fertilisers has on the cost of living, energy and food insecurity has been laid bare.

    Against this backdrop, a new idea was born at COP30: the First Conference on Transitioning Away from Fossil Fuels, which the Colombian government is co-hosting with the Netherlands in Santa Marta this week.

    Inclusion and implementation

    It represents the possibility of a new kind of multilateral forum: one that foregrounds the voices of those most impacted by the climate crisis and is relentlessly focused on implementation. It is only open to states that wish to make progress and discuss how – not if – to move away from fossil fuel dependency. And it is set to draw on the insights of Indigenous peoples, Afro-descendants and peasants, civil society, cities and academics, women and youth, who are often left out of international negotiating rooms.

    The talks centre on how to ensure that the transition away from fossil fuels is also a just one: a transition that protects workers, communities and the environment, respects human rights and builds public legitimacy, rather than imposing new costs on those least responsible for the crisis.

    To phase out fossil fuels, developing countries need exit route from “debt trap”

    The conference is also unpacking how international cooperation must work for countries and communities facing fiscal dependence, debt burdens and limited implementation capacity. It aims to identify the financial and technological support required from the Global North to allow other countries to leapfrog into sustainable renewables-based economies.

    In addition, it will seek to address the harmful international legal barriers – such as the thousands of international investment agreements which include investor–state dispute settlement (ISDS) provisions – that allow foreign corporations to sue states for measures adopted in the public interest.

    Solutions that tackle injustice

    These are complex, but necessary conversations to be had for all governments. Most international fora are being used to “avoid the conversation”. We have many of the solutions, but we need to ensure they’re implemented in ways that benefit all countries and sectors of society, not just a few.

    Santa Marta aims to strengthen a “coalition” of ambitious states, who are responsive to the voices of those most affected by climate change. It also aims to mobilise scientists, lawyers, economists, policy and energy experts, and the medical community to support states, as well as cities and citizen initiatives to pilot promising approaches around the world. Through a deeply inclusive and participatory approach, at every level, Santa Marta can pave the way towards solutions that are co-developed and respond directly to what’s needed on the ground.

    New panel of climate scientists calls for fossil fuel transition roadmaps

    This will be key for achieving a just transition. Many countries, especially in the Global South, are not held back by a lack of ambition, but by structural barriers: debt, high borrowing costs and international rules that still reward continued fossil fuel extraction over managed decline at the expense of people’s health and economic well-being.

    Santa Marta comes at a critical moment: environmentally, morally, economically but also legally.

    Legal accountability on fossil fuels

    The landmark advisory opinion on climate change, issued last July by the International Court of Justice, made clear that states have a legal obligation to act effectively and ambitiously on climate change, and that fossil fuel expansion, production, consumption and subsidies are not in line with these international obligations. It followed similar rulings, by the International Tribunal for the Law of the Sea in 2024 and the Inter-American Court of Human Rights, also in 2025.

    The transition away from fossil fuels is not simply an environmental necessity, but an urgent matter of security, resilience and health. It is a human rights imperative. And an inherently exclusionary approach focused on major powers will not deliver all the benefits of a fossil fuel-free global economy.

    Vanuatu pursues new UN resolution to turn ICJ climate opinion into action

    The Santa Marta conference is set to address this and look at how fossil-fuel-dependent countries can diversify on fair terms, how communities can access and produce affordable and reliable renewable energy, and how the transition can deliver visible social and economic gains instead of reproducing new forms of exclusion, dependency, and insecurity.

    At Santa Marta we can make meaningful, lasting progress through a diplomacy of implementation, inclusion and legal accountability that can provide a new yardstick for all the other multilateral processes on climate change and other fossil fuel-related issues, such as plastics, food, health, taxation and the protection of peace.

    A full statement by the UN Special Rapporteur on the Santa Marta Conference can be found here.

    The post Santa Marta marks a new chapter in climate diplomacy appeared first on Climate Home News.

    https://www.climatechangenews.com/2026/04/28/santa-marta-marks-a-new-chapter-in-climate-diplomacy/

    Continue Reading

    Trending

    Copyright © 2022 BreakingClimateChange.com