„Some have not really read the agreement and have circulated rumors, misinterpretations that terrify people,“ she said. A meeting between brazil`s current Foreign Minister Ernesto Araéjo on 13 September and US Secretary of State Mike Pompeo was of particular concern to environmentalists. At the meeting, the Governments of Bolsonaro and Trump pledged to promote the sustainable development of the private sector in the Amazon and pledged to create a $100 million biodiversity conservation fund. Although no details have been proposed on an agreement, conservationists expressed concern about the use of the term „development“ in the context of the world`s largest rainforest. Last month, after two decades of talks, the EU announced a provisional trade agreement with Mercosur countries – Argentina, Brazil, Paraguay and Uruguay – one of the largest agreements ever negotiated. The upcoming UN climate change conference in Madrid is a milestone in bringing the Paris Agreement to life. However, the agreement has yet to be finalised, particularly under Article 6. „Those who work in agriculture today are worried about the future. That`s normal. But in fact, agriculture is not sacrificed in the agreement,“ she stressed. The trade agreement „does not mean that we agree with all the policies of these countries, but it is a way of anchoring Brazil in the Paris agreement,“ Malmstrom said. It`s certainly „hard to know… „I think it will take at least two years before implementation,“ she said.
Malmstrom also criticized opponents of the agreement who had not read the agreement. In an interview with AFP, Cecilia Malmstrom said that the EU-Mercosur treaty was „a good agreement that does not sacrifice European agriculture“ and welcomed one of the last agreements under his mandate, which will end on 31 October after it is signed with Japan and Canada. 72% of the country`s emissions were caused by agriculture and land use, including deforestation, which increased by 85% last year. Deforestation rates have increased rapidly in recent years and 2020 will be no exception. The increase in illegal deforestation is linked to a systematic dismantling of Brazil`s institutional and legal framework for forest protection and is leading Brazil in the opposite direction to its deforestation commitments. Brazil has pledged to reduce deforestation by 80% by 2020 from 1996-2005 levels, and its commitments under the Paris Agreement aim to reduce illegal deforestation in the Amazon to zero by 2030. Both are going to be reported missing. The University of Maryland analysis, conducted by the International Emissions Trading Association and the Carbon Pricing Leadership Coalition, models the impact of Article 6 on the overall implementation of the Paris Agreement.
The study emphasizes that the potential benefits of Article 6 cooperation in the implementation of NDCs are considerable and that all parties could benefit from it. The potential cost reductions associated with the independent implementation of countries` CNN would amount to about $250 billion per year by 2030, while this figure will reach $320 billion if Article 6 includes trade in carbon units related to land use changes. These savings could lead to new investments in the use of coal farms technologies and innovations to accelerate the fight against climate change. This would appear as the sale of carbon production units (or wells) as a result of forest changes and other changes in land use.