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An agent of the Brazilian Institute for the Environment and Renewable Natural Resources (IBAMA) inspects a tree extracted from the Amazon rainforest, in a sawmill during an operation to combat deforestation, in Placas, Para State, Brazil January 20, 2023. "Our current knowledge of the functioning of the Congo Basin ecosystem is really very, very limited." The Democratic Republic of the Congo, home to most of the forest, had the second highest rate of tree cover loss in the world last year after Brazil, according to Global Forest Watch. The scientific effort is modelled on the Science Panel for the Amazon that in 2021 issued a roughly 1,300 page report summarising the scientific consensus on the Amazon rainforest, the world's largest. More than 300 scientists are expected to contribute to the Congo report, Tshimanga said.

Persons: Ueslei Marcelino, Raphaël Tshimanga, Tshimanga, Jake Spring, Barbara Lewis Organizations: Brazilian Institute for, Environment, Natural Resources, REUTERS, SAO PAULO, United, Sunday, United Nations Sustainable Development Solutions, University of Kinshasa, Democratic, Global Forest Watch, Reuters, Thomson Locations: Placas, Para State, Brazil, United Nations, Congo, Democratic Republic of the Congo

☆ Exclusive: World's top MDBs to launch debt-for-nature swap 'task force' - sources
▼ + stars: | 2023-11-30 | by ( Marc Jones | ) www.reuters.com time to read: +4 min

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 sharp contrast with Bolsonaro, who criticized environmental agents, was a relief to some scientists concerned that the retreating Amazon rainforest may be near a point of no return. Ibama's staffing and resources expanded in Lula's 2003-2010 presidency, when he managed to reduce Amazon deforestation by 72%. Rodrigo Agostinho, whom Lula tapped to run Ibama, told Reuters in an interview that the agency now has about 350 active field agents for all of Brazil. That is less than half what it had at the start of Bolsonaro's term and well below the 2,000 field agents at the peak of its powers, he added. Sidelining Ibama, Bolsonaro deployed the military to protect the Amazon, but their inexperience in conservation failed to lower deforestation while running up a massive bill.

Reuters exclusively accompanied raids led by environmental agency Ibama in the rainforest state of Para to stop loggers and ranchers illegally clearing the forest. The agency has also launched raids this week in the states of Roraima and Acre, Ibama environmental enforcement coordinator Tatiane Leite said. Lula on the campaign trail last year pledged to put Ibama back in charge of combating deforestation with beefed-up funding and personnel. But Ibama agents told Reuters that they already felt more empowered by Lula announcing environmental protection as a top priority. His government instituted a gag order forbidding Ibama agents from speaking to the press, which agents say has already been reversed under Lula.

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