COP26 Day2

Brazil, China, Canada, Russia, Indonesia, the US, the UK and the Democratic Republic of Congo, was among the signatories on Tuesday to reverse deforestation by 2030. The pledge includes almost £14.4 bn ($19.2bn) of public and private funds, although the previous deal in 2014 had “failed to slow deforestation at all”, and in fact deforestation has increased since. Norway suspended funding for an Amazon fund in 2019 in an argument with Brazil’s President. How can funders verify that forests are actually being protected without spying from satellites or challenging national sovereignty.

Amazon the world’s biggest rainforest deforestation accelerated  to a 12-year high in 2020 under President Jair Bolsonaro.

More than 30 of the world’s biggest financial companies like Aviva, Schroders, and Axa have also promised to end investment in activities linked to deforestation.

A £1bn fund will be established to protect the world’s second largest tropical rainforest in the Congo Basin.

Billionaire climate activists have been branded COP26 hypocrites for partying on super  yachts in the run up to the summit – then flying to it by private jet.

Microsoft founder Bill Gates arrived in Glasgow on £1.5 million a week rental boat Lana, which pumps 7, 000 tonnes of carbon dioxide a year. Amazon founder Jeff Bezos took a 120-mile helicopter trip from his £250 million boat Flying Fox before jetting 2000 miles to COP26 on his £48 million Gulf Stream plane also over 400 of the world’s elite have travelled to COP26 by private jets, which will blast 13, 000 tonnes of CO2 into the atmosphere.

US President Joe Biden arrived in 26-vehicle motorcade from Edinburgh.