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Here’s why European nations are considering joining the Amazon Fund

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Here’s why European nations are considering joining the Amazon Fund

By the point Jair Bolsonaro left the Brazilian presidency, the Amazon Fund had been frozen however his departure has sparked renewed European curiosity in boosting efforts to protect the so-called lung of the earth.

Created in 2008 by Norway and Brazil, the Amazon Fund (or Fundo Amazônia, in Portuguese) is the principle cooperation software utilized by Europe to put money into initiatives within the Brazilian portion of the Amazon forest. At the moment, 93.8% of the funding comes from Norway, one other 5.7% was donated by Germany and 0.5% comes from Petrobras, a state-owned Brazilian oil and gasoline firm.

However below Bolsonaro’s management, the committees accountable for managing the Fund had been dismantled, prompting concern amongst environmentalists that the far-right politician may doubtlessly destroy the mechanism that has accrued over R$ 3,4 billion (equal to €616 million) in donations for halting deforestation within the tropical forest.

Nonetheless, since Luiz Inácio Lula da Silva beat Bolsonaro within the final elections, and handed a legislation that reinstated the fund in January, the initiative is again on – and it’s gaining extra consideration than ever from European international locations.

Norway, Germany, France, Switzerland and the UK

Norway and Germany have as an illustration introduced they are going to be restarting their donations, which had been frozen throughout Bolsonaro’s authorities.

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Oslo is anticipated to stay the principle donor within the subsequent couple of years as a result of it has a longstanding custom in worldwide cooperation, and is investing closely in tropical forests, Brazilian environmentalist Fernando Mathias, a coverage advisor on the Rainforest Basis Norway, informed Euronews. Mathias has been dwelling in Norway for a number of years and works with environmental cooperation insurance policies between the 2 international locations.

“The Amazon Fund is a part of a broader coverage of the Norwegian authorities which could be very a lot targeted on their local weather and forests technique,” he mentioned.

“Norway has a convention within the area of worldwide cooperation and is likely one of the few international locations in Europe that dedicates 1% of its GDP to worldwide cooperation. Though it’s a small nation, it’s a related participant on the worldwide scene,” he added. 

France can also be among the many international locations that at the moment are contemplating supporting the Fund, international minister Catherine Colonna mentioned throughout an official go to to Brazil in February.

“France is finding out the potential of a bilateral contribution, in addition to the European Union, which can also be very actively finding out the potential of contributing [to the Amazon Fund]”, mentioned Colonna in a press convention in Brasília.

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Switzerland is one other one.

“Switzerland has been discussing the Amazon Fund in its casual exchanges with the Brazilian transition authorities. A contribution to the Fund is presently into account” mentioned the spokesperson, in December.

The UK additionally mentioned it is finding out the potential of becoming a member of the group, though it didn’t disclose data on how a lot its contribution can be.

“Our ministers obtained the request for the UK to hitch the Amazon Fund from a number of representatives of the transitional authorities in Egypt, throughout COP27, and we’re evaluating the probabilities,” the Embassy of the UK in Brazil mentioned in a observe to Euronews in December. 

Exterior of Europe, the United States’ participation continues to be to be confirmed, however analysts anticipate a donation of round $50 million. 

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Donations have ‘geopolitical values’

In line with Adriana Ramos, advisor at Instituto Socioambiental (ISA), a Brazilian civil society organisation, the Amazon Fund attracts international international locations as a result of it represents an economical technique for investing in tropical forests. Up to now, Adriana was the consultant of the civil society within the committee that oversees the technique of the fund.

“There’s a political curiosity in supporting a brand new authorities that’s dedicated to decreasing deforestation, however there’s additionally a extra sensible purpose behind this assist from European international locations. For them, it’s cost-effective,” Ramos informed Euronews.

“These are international locations which might be already dedicated to decreasing emissions, in order that they have a direct curiosity in forest carbon. Though investing within the Amazon Fund doesn’t give them credit to offset their very own emissions, it generates a form of diploma that has loads of geopolitical worth,” she additionally mentioned. 

The cash from the Fund is meant to finance initiatives to protect the forest and guarantee its sustainable improvement, and the use is supervised by the Nationwide Financial institution for Financial and Social Growth (BNDES). 

The donations obtained thus far have been directed to finance 102 initiatives performed by both NGOs or governmental companies, such because the Brazilian Institute of Setting and Renewable Pure Assets (Ibama), which is accountable for monitoring and combating deforestation. In line with governance stories, 207,000 individuals – most of them residents of the Amazon – had been positively impacted by the initiatives thus far.

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The truth that the constructive impacts of the initiatives could be simply measured by the governance system in place is one more reason why new donors would possibly be a part of the Amazon Fund within the close to future, based on Eugênio Pantoja, director of Public Insurance policies on the Institute for Environmental Analysis within the Amazon (IPAM), who participated in periodic evaluations of the fund.

New analysis revealed within the Overview of Evolutionary Political Economic system in late February demonstrates that the Amazon Fund’s constructive impacts “are largely as a consequence of its three interconnected revolutionary dimensions”: the multistakeholder governance of the fund, its donor-based pay-for-performance system and the truth that the non-reimbursable financing of initiatives is performed by BNDES.

New initiatives within the pipeline

European international locations are properly conscious of the significance of tropical forests within the struggle in opposition to local weather change and biodiversity loss, and governments throughout the continent stress that this relevance would possibly encourage new contributions to the Amazon Fund.

The significance of the Amazon forest for local weather change was highlighted by the Federal Division of International Affairs of Switzerland when it confirmed firsthand that the nation is contemplating beginning contributions sooner or later.

For the following months, the Amazon Fund is anticipated to restart its number of new initiatives, along with restoring those who had been interrupted in 2019 after Bolsonaro dismantled the governance committees that allowed the mechanism to distribute its funds.

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Environmentalists imagine that the main target of the fund might be on sustainable improvement of small-scale manufacturing within the Amazon, assist for indigenous communities and, after all, monitoring and combating unlawful deforestation.

“When the European international locations comply with finance the fund, they’re truly financing public insurance policies of the Brazilian authorities that intention to cut back deforestation within the Amazon,” Eugênio Pantoja, from IPAM, informed Euronews. 

“It’s not simply investing within the forest: it additionally means supporting these three important strains of motion for the approaching years, and that could be a essential assertion.”

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What to know about Linda McMahon, Trump’s pick for Education secretary

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What to know about Linda McMahon, Trump’s pick for Education secretary

WASHINGTON (AP) — Linda McMahon has been a constant presence in Donald Trump’s tumultuous orbit, serving in his first administration and supporting his presidential campaigns. Now he’s chosen her to serve as Education secretary.

Here’s a look at McMahon’s background, from business to politics.

McMahon went from wrestling to politics

McMahon is married to Vince McMahon, whose father was a prominent professional wrestling promoter. They followed him into the business, founding their own company that’s now known as World Wrestling Entertainment, or WWE. It became a juggernaut in the industry and American culture.

When Trump was the star of the reality show “The Apprentice,” he made an appearance at Wrestlemania in 2007. The billionaire entertainment mogul participated in an elaborately scripted feud that ended with Trump shaving off Vince McMahon’s hair in the middle of the ring.

Linda McMahon stepped down from her position as WWE’s chief executive to enter politics. She ran twice for a U.S. Senate seat in Connecticut, but lost in 2010 to Richard Blumenthal and in 2012 to Chris Murphy.

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Shifting gears, she focused on providing financial support to candidates. McMahon provided $6 million to help Trump’s candidacy after he secured the Republican presidential nomination in 2016.

What to know about Trump’s second term:

Follow all of our coverage as Donald Trump assembles his second administration.

Teaching was an initial career goal

McMahon served on the Connecticut Board of Education for a year starting in 2009. She told lawmakers at the time that she had a lifelong interest in education and once planned to become a teacher, a goal that fell aside after her marriage.

She also spent years on the board of trustees for Sacred Heart University in Connecticut.

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McMahon is seen as a relative unknown in education circles, though she has expressed support for charter schools and school choice.

McMahon was part of Trump’s first presidency

A month after defeating Hillary Clinton, Trump chose McMahon as leader of the Small Business Administration. The agency gives loans and disaster relief to companies and entrepreneurs, and it monitors government officials’ compliance with contract laws.

When McMahon was chosen, she was praised by Blumenthal and Murphy, the two Connecticut Democrats who defeated her in Senate campaigns. Blumenthal called her “a person of serious accomplishment and ability,” while Murphy said she was a “talented and experienced businessperson.”

Unlike other members of Trump’s first administration, McMahon was not shadowed by scandal or controversy. She frequently promoted his trade and tax policies.

“She has been a superstar,” Trump said when she left the administration in 2019. “The fact is, I’ve known her for a long time. I knew she was good, but I didn’t know she was that good.”

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She kept supporting Trump after leaving the administration

McMahon didn’t leave Trump’s orbit. She chaired America First Action, a super PAC that backed Trump’s reelection campaign in 2020. He lost to Democrat Joe Biden, and McMahon helped start the America First Policy Institute to continue advocating for Trump’s agenda and prepare for a potential return to the White House.

When Trump ran for president this year, McMahon was the co-chair of his transition team along with Howard Lutnick, the chief executive of financial services company Cantor Fitzgerald. As part of that role, McMahon has been helping to plan Trump’s new administration.

Once he takes office, perhaps McMahon’s biggest task will be to eliminate the agency she was hired to oversee. Trump has promised to close the Education Department and return much of its powers to states. Trump has not explained how he would close the agency, which was created by Congress in 1979 and would likely require action from Congress to dismantle.

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Brazil's first lady aims explicit joke at key target of husband's administration: 'F–k you, Elon Musk'

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Brazil's first lady aims explicit joke at key target of husband's administration: 'F–k you, Elon Musk'

The first lady of Brazil turned heads when she dropped an f-bomb directed at Tesla CEO Elon Musk during an official event over the weekend.

At the time, Brazil’s first lady, Janja Lula da Silva, was speaking about misinformation on social media during a pre-G20 social event on Saturday. The G20 summit began on Monday in Rio de Janeiro.

Lula, who is married to Luiz Inácio Lula da Silva, stopped mid-speech when she heard a ship’s horn blaring in the distance.

“I think it’s Elon Musk,” the first lady joked in Portuguese. “I’m not afraid of you, by the way.”

ELIZABETH WARREN GETS SARCASTIC AFTER TRUMP TAPS MUSK, RAMASWAMY FOR DOGE: ‘YEAH, THIS SEEMS REALLY EFFICIENT’

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Janja Lula da Silva told an explicit joke about Elon Musk over the weekend ahead of the G20 summit. (Getty Images)

“F–k you, Elon Musk,” Lula added in English, prompting cheers from the audience.

The clip, which was posted on X, drew the attention of Musk, who responded with laughing emojis.

“They will lose the next election,” the entrepreneur wrote.

‘FIRST BUDDY’: ELON EARNS FAMILY STATUS IN TRUMP WORLD AS MUSK EXPANDS POLITICAL FOOTPRINT

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Lulas with Erdogan

Turkish President Recep Tayyip Erdoğan and his wife, Emine Erdoğan, are welcomed by Brazilian President Luiz Inácio Lula da Silva and his wife, Janja Lulu da Silva, as they pose for a photo during the G20 Leaders Summit in Rio de Janeiro on Nov. 17, 2024. (Turkish Presidency/Handout/Anadolu via Getty Images)

Brazil banned X in September, prompting outrage across the world. Brazilian Supreme Court’s Justice Alexandre de Moraes imposed the ban, citing misinformation on X, which the judge felt was not adequately moderated on the platform.

The country lifted the ban a month later, and de Moraes wrote that the decision “was conditioned, solely, on [X’s] full compliance with Brazilian laws and absolute observance of the Judiciary’s decisions, out of respect for national sovereignty.”

“X is proud to return to Brazil,” X said in a statement at the time. “Giving tens of millions of Brazilians access to our indispensable platform was paramount throughout this entire process. We will continue to defend freedom of speech, within the boundaries of the law, everywhere we operate.”

Janja Lula da Silva smiling

Janja Lula da Silva speaks to supporters during a gathering with artists, politicians and other personalities one week before the presidential elections at Auditório Celso Furtado on Sept. 26, 2022, in São Paulo, Brazil. (Alexandre Schneider/Getty Images)

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The Brazilian first lady’s joke took place two days before the G20 summit officially began. President Biden was present at the summit, though he did not appear during the annual family photo with fellow world leaders and missed the photo-op “for logistical reasons,” the White House said.

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Reuters and the Associated Press contributed to this report.

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G20 Summit: Brazil's president calls for more action on climate change

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G20 Summit: Brazil's president calls for more action on climate change

President Luiz Inácio Lula da Silva’s comments came the day after representatives of the G20 nations endorsed a joint statement that called for a pact to combat hunger, more aid for Gaza, an end to the war in Ukraine and other goals.

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Brazil’s president opened the second day of the G20 Summit by calling for more action to slow global warming, saying developed nations must speed up their initiatives to reduce harmful emissions.

Luiz Inácio Lula da Silva focused Tuesday’s session on environmental challenges, saying developed nations should consider moving their 2050 emission goals forward to 2040 or 2045.

“The G20 is responsible for 80% of greenhouse effect emissions,” Lula said. “Even if we are not walking the same speed, we can all take one more step.”

During the summit, which was held at Rio de Janeiro’s Modern Art Museum, G20 leaders gathered to discuss changes in the world order from heightened global tensions to changes on the international political stage.

The agenda focused on working to reinforce multilateral cooperation before US President-elect Donald Trump assumes office in January.

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EU leaders also took the opportunity to hold bilateral meetings on the sidelines of the summit.

In a meeting with Chinese President Xi Jinping, French President Emmanuel Macron reaffirmed France’s commitment to strengthening relations with China and insisted that the two countries shared the same views on promoting peace in Ukraine.

“The world in which we live, as you just reminded us, is made up of instabilities, tensions and growing wars. And I believe that we truly share a common vision in upholding the United Nations Charter and promoting a peace agenda,” Macron told Jinping.

“We meet again on the 1000 day of the War of Aggression launched by Russia against Ukraine, and I know that you share, as we do, the desire for a lasting peace, respectful of the United Nations Charter, and that you share, as we do, the same concern after Russia’s bellicose and escalating declarations of nuclear doctrine,” he added.

A joint statement signed by representatives of the G20 nations on Monday night called for urgent humanitarian assistance and better protection of civilians caught up in conflicts in the Middle East, plus affirmed the Palestinian right to self-determination.

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It also included Brazil’s proposal to tax billionaires’ income by 2%, focused on ways to eradicate world hunger and pledged to work for ‘transformative reform’ of the UN Security Council.

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