He will then give a speech at a COP26 summit event on the development of green technologies, before a press conference, the second in the framework of his trip to Europe for the climate summit and the G20 summit a few days ago in Rome.
Speaking to delegates from the countries participating in COP26 in Glasgow, UK, Biden said his government will work to ensure that markets recognize “the true economic value of carbon sinks.”
In addition to protecting its own forests and those of the world, the country will also make efforts to “motivate governments, landowners and other interested parties to prioritize conservation,” added the Democratic president.
Biden’s intervention came hours before more than 100 countries that are home to 85% of the world’s forests, including Brazil and Colombia, today sign an agreement to halt and reverse deforestation by 2030.
All of them will commit $ 12 billion of public funds to protect and restore forests, along with $ 7.2 billion of private investment.
Conserving important ecosystems, such as forests, “is an indispensable part of keeping our climate goals within reach.”said the president, and continued: “We need to approach this issue with the same seriousness with which we seek to decarburize our economies. That is what we are doing in the United States.”
In addition, ambitious goals will be set on carbon sinks, as any reservoir – such as forests or peatlands – is called that absorbs more carbon than it releases and helps reduce the atmospheric concentration of carbon dioxide.
“I am confident that we can do it. All we need is to muster the will to do what we know is right, what we know is necessary, and what we know is within our ability.”Biden said.
And he closed: “We will work in partnership with the people most affected by deforestation and the most experienced in sustainable land management: local communities, indigenous peoples, governments and civil society.”
Source From: Ambito
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