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The task force creation is the most significant step so far in showing that the global club of multilateral lenders, which between them have trillions of dollars worth of firepower, will significantly ramp up their support for these deals. Four sources involved in the plans, which are expected to be announced at the COP summit's 'finance day' on Monday, say the group will formally be called the "Task Force on Sustainability-linked Sovereign Financing for Nature and Climate". It will initially be chaired by the Inter-American Development Bank (IDB) and U.S. government's Development Finance Institution (DFC), said three of the sources with direct knowledge of the matter. Both lenders have been involved in all the recent swaps which have also included Barbados and Gabon. At their simplest, the swaps work by buying up a country's bonds, often at a discount, and then replacing them with cheaper eco-labelled ones that come with the special MDB guarantees.
Persons: Chico Mendes, Amanda Perobelli, MDBs, Marc Jones, Christina Fincher Organizations: Chico, Chico Mendes Institute for Biodiversity Conservation, Institute for, Environment, Resources, REUTERS, Reuters, Force, Sustainability, Nature, Inter, American Development Bank, government's Development Finance, World Bank, European Investment Bank, Development Bank, Asian Development Bank, ADB, Infrastructure Development Bank, Reuters Graphics, Conservancy, Thomson Locations: Pocone, Mato Grosso, Brazil, Belize, Barbados, Gabon, Beijing, U.S, Sri Lanka, Zambia, Kenya, Tanzania, Colombia, Ecuador
The Pantanal holds thousands of plant and animal species, including 159 mammals, and it abounds with jaguars, according to the World Wildlife Fund. In the dry season, wildlife enthusiasts flock to see the normally furtive jaguars lounging on riverbanks, along with macaws, caimans and capybaras. Political Cartoons View All 1256 ImagesMuch of the Encontro das Aguas (Meeting of the Waters) park, located at the border of Mato Grosso and Mato Grosso do Sul states — known for its large jaguar population — had turned from emerald green to dark brown. “This is so atypical,” said Renata Libonati, who coordinates the Federal University of Rio de Janeiro's alert system for fires in the Pantanal. The neighboring state of Mato Grosso said it had also strengthened its workforce, with about 200 federal and state firefighters on the ground.
Persons: , they’ll, Leonisio da Silva, , Renata Libonati, ” Libonati, Angelo Rabelo, Mato Grosso, Enderson Barreto, , ” Barreto, Barreto Organizations: — Firefighters, Facebook, Federal University of Rio, Brazil’s National Institute for Space Research, World Wildlife Fund, Mato Grosso, Associated Press, ” Jaguars, Firefighters, El, Environment, Federal Highway Police, Waters, Locations: POCONE, BRAZIL, Brazil's, Federal University of Rio de Janeiro, Waters, Mato Grosso, Mato, Sul, Brazil, Porto Jofre
[1/2] An aerial view shows burnt trees near a river in The Pantanal, the world's largest wetland, in Pocone, Mato Grosso state, Brazil, August 28, 2020. The 2,387 fires recorded by Inpe in early November is already more than double October's figure and more than half of the total fires seen this year so far. Fires have more than tripled in the Pantanal compared with 2022, which was mild compared with the two previous years. Weather experts point to the El Nino phenomenon, aggravated by climate change, as being behind the sharp increase in fires. "There was sporadic rainfall at the end of October, but two or three days after it stopped, the fires came back," he added.
Persons: Amanda Perobelli, Inpe, El, Vinicius Silgueiro, Silgueiro, Lisandra Paraguassu, Gerry Doyle Organizations: REUTERS, Rights, Centro de Vida Institute, El Nino, Thomson Locations: Pocone, Mato Grosso, Brazil, Rights BRASILIA, Brazil's Pantanal
The plan would show how the food industry and farming can align with the world's goal of capping global warming at 1.5 degrees Celsius, Food and Agriculture Organization Deputy Director Zitouni Ould-Dada said. More than forty investors managing a combined $18 trillion urged the FAO in June to create a plan to curb emissions in the sector, often overlooked in global warming debates yet one of the biggest sources of climate-damaging emissions. "There has never been this much attention to food and agriculture anytime before. Livestock accounts for nearly a third of the global methane emissions linked to human activity, released in the form of cattle burps, manure and the cultivation of feed crops. Reporting by Simon Jessop and Sarah El Safty; Editing by Frank Jack DanielOur Standards: The Thomson Reuters Trust Principles.
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