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World Bank approves First Amazon Fiscal and Environmental Sustainability Program

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The World Bank Board of Directors approved today the US$200 million First Amazonas Fiscal and Environmental Sustainability Programmatic DPF.

The project will support fiscal reforms aimed at promoting fiscal sustainability while integrating forest conservation and development, as part of the state’s post-COVID-19 economic recovery plan. The project will also promote social inclusion by increasing the number of vulnerable families covered by the Bolsa Forest Program from 9,600 to 12,000.

Since the first case of the novel coronavirus was registered in Brazil this past February, the state of Amazonas has been severely affected by the pandemic, recording more than 4,500 deaths. It is currently the state with the fourth highest rate of deaths due to the disease. The economic shock was also large, with the World Bank estimating a drop of 5.6 percent in state gross domestic product (GDP) in 2020, with widespread implications for employment, poverty, and inequality.

“We adopted fiscal adjustment measures to restore and safeguard fiscal sustainability in the short and medium term. The COVID-19 economic shock has put an extra weight on the state’s economy. But we are very positive that this program will allow us to move forward with the necessary reforms to create fiscal space to leverage transfers to municipalities and improve environmental service delivery,” said Wilson Miranda Lima, Governor of the Amazonas State.

Brazil’s largest state, Amazonas, hosts one quarter of the entire Amazon basin and about one third of its Brazilian part. With 1.5 million km2 (an area larger than France, Germany, Spain, and Portugal combined) and over 96 percent of its original forest cover preserved, the state has the largest forest carbon stock of any subnational jurisdiction in the world.  Despite being natural-resource-rich, the state has one of the highest levels of poverty in the country, with nearly 40 percent of its population living under US$5,50/day. In addition, annual deforestation in the Amazonas state has increased in recent years. It rose by 146 percent, from 583 km2 in 2014 to 1434 km2 in 2019.

Protecting its forest is of critical local, national, and global relevance to maintain ecosystem that support rainfall vital for agriculture, hydropower, as well as rural and urban populations across South America, including in the Brazilian central and southeastern states. The project will strengthen monitoring and early warning plans, and combat deforestation and forest fires. By reducing deforestation, the state will also be able to decrease greenhouse gas emissions equivalent to about 11% of Brazil’s Paris Agreement goal. Furthermore, it will improve the systems for environmental and land regularization, increasing the validation of rural environmental registrations to 2,100 in two years.

A Forest Concessions Program is also supported by the project. With 60,000 hectares of concessions approved by 2022, expected to create 500 green jobs, it will help the state to integrate sustainable use and protection of the Amazon, with a positive impact on the economy.

The forest has a key role in the Amazonas life and economy. This pioneering project will support policy and institutional reforms that will enable the state to integrate forest conservation and development, achieving a climate-friendly and fiscally prudent recovery from the COVID-19 pandemic. It will also reward families from rural communities that protect forests. In the post-pandemic world, principles like sustainability and inclusion must be the basis of development,” said Paloma Anós Casero, director for the World Bank in Brazil.

The state is also struggling with the pension deficit, which totaled R$1.3 billion in 2018 (9.5 percent of the state’s revenues). The project will support the increase of pension contributions to generate fiscal savings of about R$200 million, amounting to 11 percent reduction in the pension deficit projected for 2022. Over the span of the next decade the reforms supported by this project are estimated to generate cumulative fiscal savings of R$1.9 billion.

Outcomes supported by the program include:

  • Fiscal sustainability and transparency through a set of reforms, including to pensions, and the introduction of a medium-term fiscal responsibility law;
  • Adoption of an institutional reform to ensure a more efficient public investment program that will also serve as a basis for climate-informed public policy decisions and investment planning;
  • Implementation of legal and institutional reforms to prevent, suppress and control illegal deforestation and forest fires;
  • Strengthening enforcement of the Federal Forest Code and supporting landholders to comply with conservation requirements on their lands;
  • Consolidate payments for environmental services mechanisms that share the benefits of improved conservation and sustainable forest management with local communities, rewarding vulnerable households for maximizing environmental services from the forest;
  • Promotion of gender equity.

This US$200 million loan from the International Bank for Reconstruction and Development (IBRD) to the State of Amazonas is guaranteed by the Federative Republic of Brazil and has a grace period of 3 years and 13 years of maturity.

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CEOs to G7 and World Leaders: Support “Bold” Net-Zero Commitments

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Over 70 CEOs said they stand ready to work with public sector leaders around the world to reduce emissions. Members of the Alliance of CEO Climate Leaders signed an Open Letter championing public-private cooperation ahead of the G7 summit in order to supercharge net-zero commitments, polices and actions.

The signatories are looking for governments to accelerate the transition to net-zero before COP26 in order to accelerate even more action from the private sector. The letter emphasizes public-private collaboration as vital and welcomes transformative policy change.

“It is an important and significant move for this many CEOs to put their names forward for deeper collective collaboration,” said Dominic Waughray, Managing Director, World Economic Forum. “It sends a clear signal to policy-makers that many global business leaders are ready to make the transition to a net-zero future. As we move towards COP26, public-private collaboration will be key to unlocking investment, setting more ambitious targets to reduce emissions, and turning this ambition into action.”

The Alliance of CEO Climate Leaders is the only CEO-led community open to all companies worldwide that want to make clear commitments and work to transition to net-zero. Members believe the private sector has a responsibility to actively engage in global efforts to reduce greenhouse gas emissions and to help lead the global transition to a low-carbon, climate-resilient economy. The World Economic Forum hosts the alliance.

The full text of the Open Letter and the list of signatories can be found here on the here on the Forum’s Agenda news site.

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Recreate, Re-imagine, Restore!

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Leaders in global politics, science, communities, religion and culture joined hands today to officially kick off the UN Decade on Ecosystem Restoration – a rallying call for the protection and revival of millions of hectares of ecosystems all around the world for the benefit of people and nature.

Led by the UN Environment Programme (UNEP) and the Food and Agriculture Organization of the UN (FAO), the Decade on Restoration – which runs from 2021 to 2030 – was proclaimed by the United Nations General Assembly in a 2019 resolution.

The launch took the form of a high-level virtual gala with the participation, alongside the heads of UNEP and FAO and UN Secretary-General António Guterres, of Imran Khan, the Prime Minister of Pakistan, which hosts World Environment Day on 5 June this year; Pope Francis; Félix-Antoine Tshisekedi Tshilombo, President of the Democratic Republic of Congo and Chair of the African Union; German Chancellor Angela Merkel; and Prime Minister of Barbados, Mia Mottley. Among the global figures who spoke were UN Messenger of Peace Jane Goodall and other goodwill ambassadors, advocates, youth representatives, scientists and CEOs.

“By restoring ecosystems, we can drive a transformation that will contribute to the achievement of all the Sustainable Development Goals. The task is monumental. We need to replant and protect our forests. We need to clean up our rivers and seas. And we need to green our cities,” the UN Secretary-General said in his message. “Accomplishing these things will not only safeguard the planet’s resources. It will create millions of new jobs by 2030, generate returns of over $7 trillion dollars every year and help eliminate poverty and hunger.”

The FAO Director-General QU Dongyu, noting that the increasing pressure on the world’s natural resources is affecting the well-being of 40 percent of the global population, called for a change of mindset.

“Business as usual is not an option!” he underscored. “We need to prevent, halt and reverse the degradation of ecosystems worldwide, including our farmlands and forests; our rivers and oceans. More efficient, inclusive, resilient and sustainable agri-food systems can help restore ecosystems and safeguard sustainable food production, leaving no one behind,” he added.

“We must use this moment in history to launch a massive global movement to save our terrestrial and marine ecosystems even as we continue to decarbonize. Everyone has a ‘to-do’ here,” said UNEP Executive Director Inger Andersen. “Governments must ensure COVID-19 stimulus packages contribute to a sustainable and equitable recovery from the pandemic. Businesses and the financial sector must reform operations and financial flows so that they restore the natural world. And as individuals and consumers, it is time rethink choices, demand deforestation-free products and vote for sustainability in the polling booths.”

“Restoring the nature we have damaged means, in the first place, restoring ourselves,” said Pope Francis in a video message relayed by Cardinal Pietro Parolin, Secretary of State. “We welcome this United Nations Decade on Ecosystem Restoration, let us be compassionate, creative and courageous. May we take our proper place as a ‘Restoration Generation.’”

The Decade aims to inspire and support governments, multilateral organizations, civil society, private sector companies, youth, women’s groups, indigenous peoples, farmers, local communities and individuals globally, to collaborate, develop and catalyse restoration initiatives across the world. The effort will involve a raft of activities. They range from redirecting fiscal incentives and financial flows to promote restoration to undertaking research on restoration in terrestrial and marine environments, building the technical capacity of restoration practitioners globally and monitoring global progress on restoration.

The Decade aims to mobilize hundreds of millions of people to restore nature and foster a global restoration culture in which restoration initiatives are scaled up across the planet.

“The world has no choice but to go on a nature positive pathway which will not only boost the economy but also protect the environment,“ said Imran Khan, Prime Minister of Pakistan, whose country in 2019 embarked on an ambitious plan to plant 10 billion trees.

Welcoming the launch of the UN Decade, Felix-Antoine Tshisekedi Tshilombo, President of the Democratic Republic of Congo and Chair of the African Union, noted that the African continent had made multiple commitments through several regional Declarations, pledges, Calls to Action and pilot activities, but there was a need to mobilize the necessary resources and expertise to lead large-scale implementation.

“The restoration of terrestrial, marine and freshwater ecosystems should be undertaken in such a way as to avoid creating land conflicts or conflicts of use,” he added. “It must therefore be part of visionary spatial planning processes that take into account inter-sectoral trade-offs, respecting land and resource tenure rights of local communities and other vulnerable social groups.”

In her message, German Chancellor Angela Merkel said: “We have to do more to protect and restore natural habitats – and we have to do it now, not some time in the future.”

“We have to ensure now that forests, which we need not least to regulate our climate, are protected and replenished,” she added.

The Chancellor also announced that Germany would be the first country to provide funding – 14 million Euro – to the Multi-Partner Trust Fund for the Decade on Ecosystem Restoration.

The launch of the Decade on Ecosystem Restoration today leads into World Environment Day on 5 June, the United Nations’ flagship day for promoting worldwide awareness and action for the environment. Held under the theme of ecosystem restoration, this year’s World Environment Day is hosted by Pakistan, which will mark the day and the start of the UN Decade with an event taking place in Islamabad and officiated by Prime Minister Imran Khan with the participation from a host of dignitaries from around the world including UNEP Executive Director Inger Andersen and senior officials from FAO, UN-Habitat and UNDP, as well as senior officials from countries including Germany and Saudi Arabia.

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World Environment Day boosts growing global movement to restore damaged ecosystems

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Individuals, communities, civil society, businesses and governments around the world today marked World Environment Day – with official celebrations held in Islamabad – by making commitments and calling for action to restore millions of hectares of ecosystems all around the world for the benefit of people and nature.

Hosted by Pakistan in partnership with the UN Environment Programme (UNEP), this year’s World Environment Day served as the formal launch of the UN Decade on Ecosystem Restoration (2021-2030). Led by Pakistan’s Prime Minister Imran Khan, speakers at the event – including British Prime Minister Boris Johnson, China’s President Xi Jinping, UN Secretary-General António Guterres, heads of UN agencies and government ministers – stressed the importance of restoration in global efforts to mitigate climate change and promote sustainable development.

“The degradation of the natural world is already undermining the well-being of 3.2 billion people – or 40 per cent of humanity. Luckily, the Earth is resilient. But she needs our help. We still have time to reverse the damage we have done,” the UN Secretary-General said. “That is why, on this World Environment Day, we are launching the United Nations Decade on Ecosystem Restoration. This global movement will bring together governments, businesses, civil society and private citizens in an unprecedented effort to heal the Earth. By restoring ecosystems, we can drive a transformation that will contribute to the achievement of all the Sustainable Development Goals.”

The UN Decade aims to inspire and support governments, UN agencies, civil society, private sector companies, youth, women’s groups, indigenous peoples, farmers, local communities and individuals globally, to collaborate, develop and catalyse restoration initiatives across the world. The Decade aims to mobilize hundreds of millions of people to restore nature and foster a global restoration culture in which restoration initiatives are scaled up across the planet.

“This is an opportunity for the world – these next 10 years, the world has to correct its course. It’s a clash between our greed on the one side and humanity on the other; there needs to be a balance between the two,” said Prime Minister Khan. “When this balance is disturbed and consumerism, consumption and greed reach such a level, this always leads to disastrous consequences for humanity.”

“If we don’t care for our environment, and our ecosystems, it will have severe consequences for the humanity and we will have to pay a big price for this,” he added.

Pakistan has embarked on an ambitious effort to expand and restore its forests as part of its 10 billion-tree drive, recently planting its billionth tree; the country has also pledged to restore about 1 million hectares of degraded lands across the country by 2023 as part of the Bonn Challenge. In addition, Pakistan recently launched its first green bond, seeking $500 million for environmentally friendly projects to enhance the clean energy share in the country’s power sector.

“Restoring ecosystems is a remarkable solution. It slows climate change, brings back lost biodiversity, creates productive land for agriculture, provides jobs and restores nature’s buffers against zoonotic diseases and pandemics,” said Inger Andersen, Executive Director of UNEP.

“If we work hard in four areas – to get finance flows in tune with nature; to protect those that manage land; to make our cities green; and to restore the blue planet – we will heal nature and make everybody’s lives better,” she added.

Other major commitments announced around World Environment Day and the UN Decade include over £8 million in new funding from the UK to protect rare wildlife and vulnerable habitats across the globe; a 8.5 million Euro commitment by Dove and Conservation International to protect and restore 20,000 hectares of forest – the equivalent of 3 million trees – in North Sumatra, Indonesia; a pledge by E.ON, Europe’s largest operator of energy distribution networks, to create biotopes under 13,000 kilometers of high-voltage lines in forest areas; 3 million Euro from Finland to support the launch of, and regional action in developing countries under the UN Decade, and an announcement by Germany that it would be the first country to provide funding – 14 million Euro – to the Multi-Partner Trust Fund for the Decade on Ecosystem Restoration. 

Away from Islamabad, World Environment Day events and initiatives took place across the world, including a virtual concert featuring Patti Smith, the Dave Matthews Band, Michael Stipe and other international artists; the world premiere of Is It Too Much to Ask, a song by DJ Don Diablo for #GenerationRestoration; a virtual Ecosystem Restoration Classroom, a new initiative to take young South African learners – and others – on a journey across three unique landscapes threatened by human development; fireside chats with youth organisations and more.

In collaboration with TikTok, UNEP also challenged users on the content platform to share their ecosystem restoration action using the #GenerationRestoration hashtag. Videos with the hashtag have been viewed over 40 million times, with contributions from influencers including UNEP Goodwill Ambassadors Alex Rendell and Antoinette Taus.

UNEP Goodwill Ambassadors Gisele Bündchen, Formula E driver Lucas De Grassi and Dia Mirza also lent their support to the Day on social media, while young artists such as US poet Jordan Sanchez and Indian sand artist Sudarsan Pattnaik also created imaginative pieces to highlight the urgent need for restoration.

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