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where could electrosteel castings limited (electcast) be headed ✌️【Investment Advice】✌️ AI-driven stock trend forecasting with free access to real-time market data, offering personalized investment advice and expert predictions. Eight South American countries failed to agree on a common goal to save thecritically vulnerableAmazon from deforestation following a landmark summit in Brazil Tuesday, a concerning outcome as the world’s largest rainforest acts as a key buffer against the climate crisis.

It was the first time in more than a decade that member states of the Amazon Cooperation Treaty Organization (ACTO) had met, with the aim of establishing definite goals to avoid a point of no return for the vital rainforest.

Brazilian President Luiz Inacio Lula da Silva has been advocating for a common regional policy to end deforestation by 2030, promising his country will reachzero deforestation.

Deforestation in the Brazilian Amazon increased rapidly under Lula da Silva’s predecessor,Jair Bolsonaro,and some scientists have warned the rainforest may be approaching acritical tipping pointthat could see it transformed into a grassy savannah, with huge implications for biodiversity and the climate crisis.

“We haven’t met in 14 years. This is the first time that we meet here in [the state of] Pará, and the first time in the context of a severe worsening of the climate crisis,” Lula da Silva said during his opening remarks Tuesday in the Brazilian city of Belém.

“It has never been so urgent to resume and to expand on this cooperation. The challenges of our era and the opportunities that are before us demand joint action.”

where could electrosteel castings limited (electcast) be headed ✌️【Investment Advice】✌️ Free real-time stock market analysis, market dynamics reports, and expert insights into stocks, metals, energy, and agricultural products. Make profitable decisions by leveraging our advanced market forecasting tools. The Brazilian President and heads of state from Colombia, Peru and Bolivia, along with top officials from Ecuador, Venezuela, Guyana and Suriname, did sign a list of environmental efforts, called the Declaration of Belém, to “advance in a new common agenda in the Amazon.”

where could electrosteel castings limited (electcast) be headed ✌️【Investment Advice】✌️ Free access to professional investment advisors who provide real-time market data and trend analysis. Select top-performing stocks and boost your capital with expert strategies for market growth. The 113-point agenda of cooperation included creating an association called the Amazon Alliance to Fight Deforestation among States Parties, “aiming at stopping the Amazon region from reaching the point of no return,” according to a Brazilian government news release.

where could electrosteel castings limited (electcast) be headed ✌️【Investment Advice】✌️ Free stock market analysis and data updates to help you select the best investment portfolio. Achieve steady growth and avoid losses with expert predictions and real-time market insights. The alliance would also promote the “compliance of national goals, including the ones related to zero deforestation through the elimination of illegal logging, by strengthening the implementation of forest legislation,” the release said.

However, the failure to agree on a common policy to end deforestation in the Amazon is concerning, as thefate of the rainforest is criticalto the health of the planet.

It is home to a unique array of animal and plant life, and is crucial to maintaining a global climate balance because it stores a huge amount of carbon and strongly influences global weather patterns.

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Data from Brazil’sNational Institute for Space Researchshow the rate of deforestation under Bolsonaro’s presidency climbed by more than 70% from 2018 to 2021.

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where could electrosteel castings limited (electcast) be headed ✌️【Investment Advice】✌️ Precise stock market trend analysis with expert insights into global markets, including stock indices, metals, and energy sectors. Leverage our data-driven predictions to maximize your returns. Scientists say about three-quarters of the rainforest is showing signs of “resilience loss” – a reduced ability to recover from disturbances like drought, logging and fires.

where could electrosteel castings limited (electcast) be headed ✌️【Investment Advice】✌️ Free stock data analysis tools to help you select stocks accurately and capture global market trends. Stay ahead with expert market predictions for better investment returns. And already the Amazon isemitting more carbon dioxidethan it absorbs in some locations, a shift that could have an enormously negative impact on planet heating trends. If the Amazon is not protected, it will also be much harder to limit global warming to 1.5 degrees Celsius above pre-industrial levels.

Colombian Environment Minister Susana Muhamad called on all eight ACTO state members to join the “Amazonia for Life 80% by 2025” initiative “so that we find a common purpose.”

Preliminary data from Brazil’sNational Institute for Space Researchreleased last week shows deforestation in the Brazilian Amazon fell by 66% last month compared to July 2022 and is now at its lowest rate in six years – promising news at a time when the rainforest remains critically vulnerable.

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