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Curto Green: billion-dollar package approved, growth in deforestation and +

The approval, by the North American Senate, of the largest package to combat climate change in the country's history, the growth of deforestation in the Cerrado and the Amazon, an OECD report shows that poor countries received only 8% of climate financing promeheld by the richest nations and the “MIT da Amazônia” project are the highlights.

🌱 US Senate approves largest package to combat climate change in the country

This Sunday (07), after a long debate session, The United States Senate approved a package that includes the largest single climate investment in the country's history (One Planet).

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The climate and health spending package now heads for approval in the Democratic-majority US House.

If it becomes law, the bill, formally known as the Inflation Reduction Act, would allocate $369 billion to reduce greenhouse gas emissions and invest in renewable energy sources. (The Guardian*)

The package will provide a billion-dollar investment in climate and energy security that should reduce greenhouse gas emissions of the United States by about 40% by 2030 (compared to the base year 2005).

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See Democratic Senator Chris Coons' reaction to the approval:

Video by: CNN
Curto curation:

🌳 Deforestation grew 28% in the Cerrado and 7% in the Amazon, says Inpe

According to Deter System, from the National Institute for Space Research (Inpe), the Cerrado had 4.091,6 km² deforested between the beginning of January and the end of July 2022.

This number represents an increase of 28,2% compared to that recorded in the first seven months of last year and is the highest accumulated for the period in the last four years. 

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The Amazon, in turn, recorded an accumulation of deforestation alerts in the first seven months of the year of 5.463,2 km². This represents a growth of 7,1% compared to the same period in 2021 and indicates the highest accumulation between January and July in the last six years.

Considering the “Deter year”, which runs from August 2021 to July 2022, the total accumulated number of deforestation alerts was 8.579,3 km² and, – despite the amount representing a reduction 2,3% compared to the same period of the previous year (8.780 km²) – this is the third worst year since the launch of Deter-B in 2015system. (WWF)

🌿 Poor countries received only 8% of climate financing, says OECD

The most recently report from the Organization for Economic Co-operation and Development (OECD🇬🇧), points out that developed countries did not comply with the prometo allocate, from 2020, 100 billion dollars per year to help the poorest nations reduce emissions and prepare for the effects of the global warming.

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The OECD announced that the contribution made in 2020 was around 83,3 billion dollars, therefore, below the 100 billion dollars that had been promeheld in 2009 during COP15, in Copenhagen.

In fact, the document points out that around 70% of this money was distributed through loans and not donations – and less than a tenth of the resource was allocated to those who need it most. Asia received 42% of the contribution, while Africa received 26% and the Americas 17%.

According to the report, low-income countries – those most in need of financing – have received only 8% of the amount allocated to the fund so far.

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🍃 “MIT da Amazônia” 

In order to boost the search for knowledge and technology in the Amazon, Brazilian researchers have been developing a project inspired by MIT (Massachusetts Institute of Technology, from the United States) to create the AmIT (Amazon Institute of Technology), which aims to be a research and training center aimed at focusing on the needs and riches of the region.

The initiative seeks to bring together international knowledge about the biome in a large innovation center, aiming to contribute to socioeconomic development and improving the quality of life of the Amazon population, but it does not aim to be just a university.

The institute intends establish headquarters in all Amazonian countries and create professions, research and technologies exclusively focused on the universe of the forest and its population of around 50 million peoplesystem. (One Planet)

The “MIT da Amazônia” is expected to be operational by 2031.

Check out the presentation of the Pre-Feasibility Study for AmIT:

Video by: USP Institute of Advanced Studies

Curto Verde is a daily summary of what you need to know about the environment, sustainability and other topics linked to our survival and that of the planet.

Featured photo: AFP

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