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The Amazon rainforest on the Urubu River. Climate litigation is gaining momentum in Brazil as a tool to protect the Amazon rainforest from illegal deforestation. The Brazilian court became the world’s first to give this status to the ParisAgreement, setting an important precedent for Brazil and the world.
According to the Center for International Environmental Law as of April 2023, the World Bank “has financed and incentivized up to $165 billion in fossil fuel investments since the ParisAgreement was signed [in 2015].” The biggest US bank investors in fossil fuels? “At
Banks are still fanning the flames According to the 2023 edition of Banking on Climate Chaos , released this week, the world’s 60 largest banks spent $673 billion on fossil fuel financing in 2022 and $5.5 trillion in the seven years since the adoption of the Paris climate agreement.
This is double the target that world leaders agreed to in 2015, when the ParisAgreement deal was struck and subsequently implemented. These would see the melting of the world’s ice sheets and the drying out of the Amazon rainforest – just to quote some examples. degrees C ( Anders, I don`t understand this.`
After all, to achieve the main goal of the ParisAgreement , namely keeping the rising global average temperature below 2°C (35.6°F) C above pre-industrial levels (ParisAgreement, art. After all, to achieve the main goal of the ParisAgreement , namely keeping the rising global average temperature below 2°C (35.6°F)
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