Advertisement
trendingNowenglish1622797https://zeenews.india.com/news/eco-news/us-and-brazil-agree-on-ambitious-climate-change-agenda_1622797.html

US and Brazil agree on ambitious climate change agenda

 Ahead of the key Paris climate change summit this year, the US and Brazil today agreed on an ambitious agenda to mitigate the challenges posed by climate change, as they underlined the need for a deal that reflects the principle of common but differentiated responsibilities.

Washington: Ahead of the key Paris climate change summit this year, the US and Brazil today agreed on an ambitious agenda to mitigate the challenges posed by climate change, as they underlined the need for a deal that reflects the principle of common but differentiated responsibilities.

In a joint statement, President Barack Obama and his Brazilian counterpart Dilma Rousseff said the Paris outcome should send a strong signal to the international community that governments, businesses and civil society are decisively taking on the climate challenge.

The two presidents said they are committed to reaching an ambitious agreement, during the summit to be held in December, that reflects the principle of common but differentiated responsibilities and respective capabilities, in light of different national circumstances.

Rousseff is on a two-day visit to the US. The two leaders pledged to work together toward mobilising public funding and developing financial instruments to catalyse large-scale private investments to support low carbon development projects and countries' transitions to low-carbon economies.

While America is the second biggest emitter of carbon dioxide, Brazil is the 13th position.

Both countries are respectively putting forward strong post-2020 contributions consistent with their determination to show global leadership.

The US intends to achieve an economy-wide target of reducing its emissions by 26 per cent-28 per cent below 2005 levels in 2025 and to make best efforts to reduce its emissions by 28 per cent, the statement said.

"Brazil will present a fair and ambitious intended nationally determined contribution that represents its highest possible effort beyond its current actions," the statement said adding that it will be based on the implementation of broad policies, including those in the forestry, land-use, industrial, and energy sectors.

Noting that Brazil will pursue policies aimed at eliminating illegal deforestation, coupled with ambitious enhancement of carbon stocks through reforestation and forest restoration, the statement said for that purpose, Brazil intends to restore and reforest 12 million hectares of forests by 2030.

In line with its goal to expand the use of renewable energy sources, Brazil intends that its total energy matrix by 2030 reach a share of 28 per cent to 33 per cent from renewable sources (electricity and biofuels) other than hydropower.

Brazil also intends to improve low-carbon agricultural and grazing land practices through the promotion of sustainable agriculture and productivity enhancement; to promote new, clean technology standards for industry; to further promote energy efficiency measures and to expand the use of non-fossil fuel energy sources domestically, the statement said.

Recognising the importance of managing hydrofluorocarbons (HFCs), the two leaders agreed to work multilaterally in the Montreal Protocol to consider promptly amendment proposals to phase down HFCs.

Obama and Rousseff decided to launch a Joint Initiative on Climate Change, which will be implemented through a new high-level United States-Brazil Climate Change Working Group (CCWG) aimed at enhancing bilateral cooperation on issues relating to land use, clean energy, and adaptation, as well as policy dialogues on domestic and international climate issues.

The working group will begin in October this year.  

Stay informed on all the latest news, real-time breaking news updates, and follow all the important headlines in india news and world News on Zee News.

NEWS ON ONE CLICK