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Brazil’s environmental governance is under threat – and Lula is siding with oil industry
Tags: Current Focus, Early Warning, Climate Change Action, United States, France, Germany, Russia, European Union, China, India, Saudi Arabia, Brazil, Britain, Oil & Gas, Capital Markets, The Economy, Inequality / Upward Mobility, Movement for Renewal of America, 1. Climate Change Action, 2. Cost of Living Action,
COP30 becomes a disappointment in Brazil with no mention of fossil fuels. With even Brazil divided with Lula and Brazil's Congress supporting agribusiness and the oil industry. There is a clear perception that cost of living and development concerns have to be given recognition and balanced with climate change goals. This is true also for the US, EU, India and China. These countries are still moving ahead with climate change goals but realize that they have to strike a balance. On the other side are Saudi Arabia and Russia, other oil producing countries that want to delay climate change for as long as possible. These fossil fuel producers opposed mention of fossil fuels and making a transition out of fossil fuels a major priority at COP30.
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