On the sidelines of the G20 summit in Bali, the Democratic Republic of Congo, Brazil and Indonesia signed an agreement on 14 November to value their forest resources. Representing 52% of the world's tropical rainforest, the three countries are calling on developed countries to finance the conservation of these forests, which are essential in the fight against global warming.
This historic agreement follows the announcement by representatives of the three countries of their intention to cooperate on the sidelines of COP27 in Sharm El-Sheikh in Egypt on 7 November. It aims to work together to preserve their tropical forests, which are threatened by human activity, in the context of the search for climate solutions.
It calls for the three countries to be compensated by the international community for reducing deforestation, focusing on common issues such as climate finance and the price of a tonne of carbon on the carbon credit market.
"The three largest tropical forest basins in the world should now benefit from compensation commensurate with the ecosystem services rendered to humanity: Solidarity-Unity of action, our motto," pleaded the Deputy Prime Minister and Minister of the Environment of the DRC, HE Eve Bazaiba.