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DR Congo, Brazil, Indonesia to present common front at climate talks by AFP Staff Writers Kinshasa (AFP) Oct 4, 2022 The Democratic Republic of Congo, Brazil and Indonesia are working to present a common front at climate negotiations, the Congolese Environment Minister Eve Bazaiba said on Tuesday. All three countries have vast tropical rainforests threatened by logging and agriculture. Bazaiba, addressing reporters at the informal pre-COP27 talks in the DRC's capital Kinshasa, said she believed the three countries could achieve an agreement on forest protection issues in climate negotiations. The informal talks come ahead of the COP27 climate summit, due to be held in Egypt's Sharm el-Sheikh from November 6-18. Bazaiba said the DRC, Brazil and Indonesia will aim to examine how to preserve forest cover "while moving towards development". They will also focus on issues such as access to climate finance and the price of a tonne of carbon in the carbon-credit market. Leonardo Cleaver de Athayde, director of the department of sustainable development at the Brazilian foreign ministry, also told reporters he hoped the three countries could draw up "a joint work programme". The DRC, which is home to 60 percent of the vast Congo Basin rainforest, has faced criticism for launching an auction in July for oil and gas blocks, some of which are in sensitive areas. The impoverished central African nation maintains that developing its fossil resources is an economic imperative.
Costa Rica wins new aid deal under IMF climate change fund Washington (AFP) Oct 4, 2022 The IMF on Tuesday agreed to a deal to provide aid to Costa Rica under the newly-created fund aimed at helping low-income countries tackle the impacts of climate change. A team from the Washington-based lender agreed with the Central American nation's government to provide $710 million under the Resilience and Sustainability Trust (RST) launched earlier this year - only the second country to receive funding. In addition, the International Monetary Fund mission agreed on the latest review of the ... read more
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