Browsing: climate

The global climate meeting in Belém concluded with 195 countries approving 29 documents. Results include a forest fund and a decision to triple funding for climate change adaptation. A roadmap for phasing out fossil fuels received support from around 80 nations.

At a forum organized by the CNI in Belém, the Institutional Relations Director of the Arab-Brazilian Chamber of Commerce, Fernanda Baltazar, spoke about urban issues and the similar challenges faced by Brazil and Arab countries in this area.

Discussions at a seminar organized by CNI in Brasília on Wednesday (15) indicate that the business sector expects a greater role in the climate agenda starting with COP30. The conference is expected to focus on the implementation of actions.

The National Confederation of Industry (CNI) has structured the participation of the international private sector in the climate conference, in a format that is expected to continue at future COPs. The Pre-COP Seminar held on Wednesday (15) in Brasília was part of the strategy.

Alongside cuts in foreign aid, climate shocks will impact the country’s economy this year, says the International Monetary Fund, following a meeting to discuss a new financial disbursement.

Industry group Fiergs estimates a slump in exports spurred by the impacts of the floods based on previous predictions for the year. Agriculture lobby Farsul indicates a negative impact on food production, and meatpacker lobby ABPA logged an 11% decline in poultry exports from the Rio Grande do Sul state in May but already points to a recovery.

On a visit to Brasília, United Arab Emirates International Cooperation minister of state Reem Al Hashimy said Brazil-UAE relations are strategic and her delegation is exploring the opportunities the Latin American country has to offer. She expects a broad participation of Brazilians at COP28 in Dubai.