Saudi Arabia's non-oil economy grows 3.3% in Q1 2021    Algeria Records 184 New COVID-19 Cases    'Love & Inspire' art exhibition supports 'Smile' Initiative    KSrelief Launches Eid Al Fitr Clothing Distribution Project in Jordan    Arab Coalition destroys armed drone targeting Abha airport    KSrelief Inaugurates Eid Al-Fitr Zakat Distribution Project in Yemen    Afghans mourn schoolgirls killed in blasts as Taliban plans three-day ceasefire for Eid 11 people dead in bus bombing in southern Afghanistan    Employees of 11 ministries among 138 arrested for corruption    UAE suspends entry of passengers from Bangladesh, Pakistan, Nepal and Sri Lanka    Turkish foreign minister arriving in Saudi Arabia on 2-day visit    OIC Welcomes Saudi Arabia's Intention to Hold Hajj this Year    UN chief and senior officials express deep concern over East Jerusalem violence    Coronavirus-hit India thanks Saudi Arabia, others for supplying liquid medical oxygen    India Posts 366,161 New Coronavirus Cases over Last 24 hours    According to Shanghai Classification 2019 and 2020, Four Saudi Universities Ranked World's Best Top and First Arab World    Participants confident and committed to a World Expo that will unify    Jordanian FM summons Israeli charge d'affaires in Amman to protest against Israel's violations at Al-Aqsa mosque    MENALAC to experience highly-anticipated boost during Ramadan and Eid    UK PM calls for crisis talks after pro-independence parties win Scotland election    Causeway reopening set to boost Bahrain's economy by $2.9 billion    MWL Secretary General Meets with Pakistani Prime Minister    Al-Falih: Saudi-Pakistani Supreme Coordination Council Opens Wider Horizons for Economic Growth    Legendary Egyptian singer Hafez to perform in Dubai in an exclusive hologram event    537 activities by authors and creatives from 15 nations to edutain young readers in SCRF    United World, ITC Sign Three-year Partnership to Launch Sports for Development    Legendary Egyptian Singer Abdel Halim Hafez to perform in Dubai in exclusive hologram event    Citizen Account Wins UN WSIS Prize for E-Government Track    Over 7500 Speakers Transmit Sound to Worshippers at the Grand Mosque with Complete Clarity    From whom do we take Shariah? How do we get legitimacy?    Sheikh Salman: Saudi Football Association is distinguished and professional    Sheikh Salman Al Khalifa: Saudi Football Association is distinguished and professional    Asian Handball Championships' Draw to Take Place in Jeddah on Saturday    Saudi Rower Hussain Alireza sets for 2021 Tokyo Olympics qualifiers    Saudi Arabia's Al-Nassr beats Qatari Al Sadd in AFC Champions League    President of Union of Arab Football Associations Meets with Heads of FIFA, AFC and CAF    Saudi Arabia drawn to 3rd Group in FIFA Arab Cup Qatar 2021    Australian cricketers wear full PPE on flight to Delhi Aussie PM tells IPL stars to make 'own arrangements' to return home    Business Lady Led Saudi World Competitiveness Edge, in Banana Planting    Al-Khawada Constitutes One of Khulays Governorate Traditional Dishes    Indian Community in Rafha Recalls Ramadan Habits    Jazan Customs During Ramadan: Traditions and heritage    Welcome to beautiful Ramadan customs    Vaccination does not invalidate fasting, says UAE Fatwa Council    It is high time to correct wrong concepts about women's status    Council of Senior Scholars: Muslim Brothers' Group Don't Represent Method of Islam, rather only Follows its Partisan Objectives, Violating our Graceful Religion    Eid Al-Adha Prayer Performed at the Grand Holy Mosque    Pilgrims Perform Dhuhr and Asr Prayers in Arafat Holy Site    Senior Scholars Council Issues Decision No. 246 Regarding Attendance of Friday Prayer and Prayers at Mosques in a Case of Spread of Epidemic or Fear of its Spread    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.





Brazil Needs $10 Bln A Year in Aid for Carbon Neutrality By 2050, Minister Says
Published in Saudi Press Agency on 17 - 04 - 2021

Brazil would need to receive $10 billion annually in foreign aid in order to reach economy-wide net zero carbon emissions by 2050, instead of 2060 as currently planned, Reuters cited the country's environment minister, Ricardo Salles as telling it on Friday.
Salles has regularly called for the international community to pick up part of the check for reducing Brazil's carbon emissions, which predominantly come from deforestation.
His call for $10 billion a year in aid comes as Brazil negotiates a separate potential deal with the United States to rally foreign funds to fight soaring deforestation in the Amazon rainforest. Salles said he does not expect a deal to be announced at next week's U.S. Earth Day summit, but that talks with the United States would continue.
"There is not and was never the objective of negotiating some kind of deal to deliver on April 22," Salles said in an interview.
Reuters reported on Thursday that a potential deal had reached an impasse, with Brazil demanding funding up front to increase efforts to fight deforestation while the United States demanded results before opening its purse strings.
He cited the fact that most of Brazil's forest is preserved, which means emissions from the carbon they contain has been avoided.
Salles said just $1 billion per year out of the $10 billion would enable Brazil to reach zero illegal deforestation ahead of the existing 2030 target.


Clic here to read the story from its source.