Advertisement

Updated September 24th, 2019 at 14:45 IST

Amazon fires: Global leaders contribute $500 million for protection

The French President said that the global leaders have agreed to set aside funds worth $500 million to protect the tropical rainforests including the Amazon

Reported by: Aanchal Nigam
Amazon fires
| Image:self
Advertisement

In a meeting at United Nations, the President of France, Emmanuel Macron according to an international media said that the global leaders have agreed on September 23 to set aside funds worth $500 million to protect the tropical rainforests including the Amazon which were recently destroyed with raging wildfires. This session was reportedly missed by Brazil. The French President also called out other countries to increase their contribution to the Green Climate Fund. 

Read | Brazil Reports Record Breaking Wildfires In Amazon Rainforest

Read | As Amazon Rainforest Burns, Brazil's President's Shocker

Amazon Forest Fires

The world's largest tropical rainforest, Amazon is facing the worst wildfires since 2010 which initiated a global outrage. These wildfires could also affect the demand for Brazil's exports. The leaders of the G7 countries had offered an emergency aid of $20 million in August to help Brazil in tackling the fires. This gesture, however, was criticized by the Brazil leader. Purportedly, the Secretary-General of United Nations, Antonio Guterres said on Monday that it is imperative on a global level to stop deforestation and restore of degraded forests. Guterres believes that for every dollar spent on the restoration of forests will be recouped with economic benefits worth $30 and help in decreasing poverty. However, the environmentalists have been blaming the people who carry out deforestation in Amazon forests for commercial use to cause the largest series of wildfires. The Amazon rainforests are essentially called the 'lungs of the world'. 

Read | MOSAiC Expedition: 600 Scientists Gear Up To Spend Next Year Trapped In Ice To Study Climate Change Effects On The Arctic Sea

Macron for climate

The French President reached out to a wider alliance to protect the rainforests in the world in the 74th United Nations General Assembly in New York. According to an international agency, France, Chile and Columbia also met during the annual gatherings on September 23. These meetings were organized despite the absence of Jair Bolsonaro, the President of Brazil who promotes the development in the Amazon rainforests. Macron even mentioned that everyone wants to work with Brazil because work on climate requires an inclusive approach. Reportedly, the French president will contribute $100 million out of the total $500 million funds. The Prime Minister of the United Kingdom, Boris Johnson also said that the deforestation is the main cause of species extinction and undermining the livelihood of millions of people. 

Read | Amazon Opens Largest Campus Building In Hyderabad For 15,000 Employees

(With agency inputs)

Advertisement

Published September 24th, 2019 at 13:46 IST

Your Voice. Now Direct.

Send us your views, we’ll publish them. This section is moderated.

Advertisement
Advertisement

Trending Quicks

Zomato delivery boy in tears over blocked account
2 minutes ago
Congress Press Conference
3 minutes ago
L&T Shipbuilding facility
10 minutes ago
RCB vs KKR
11 minutes ago
Pooja Vastrakar
12 minutes ago
Crew posters
37 minutes ago
Big Communication Gap Within the Congress: Sanjay Nirupam Targets Party Leadership | EXCLUSIVE
38 minutes ago
VST Tillers Tractors
38 minutes ago
High-net-worth women show a nuanced approach to wealth with interest in alternative investments and cautious risk tolerance.
39 minutes ago
Advertisement
Advertisement
Advertisement
Whatsapp logo