The U.S. and Brazilian governments unveiled a climate partnership agenda on Friday, aiming to strengthen cooperation on climate and environmental issues. The announcement was made on the sidelines of a G20 finance leaders meeting in Rio de Janeiro.
U.S. Treasury Secretary Janet Yellen emphasized the broader benefits of the initiative, stating, “Advancing work on climate and on nature and biodiversity can bring benefits not only to both of our economies but also to the region and to the global economy.”
Brazil’s Finance Minister Fernando Haddad expressed optimism about the initiative, noting, “We want to be more close,” and indicating that he expects the guidelines to translate into tangible actions swiftly.
The partnership between the U.S. and Brazil, the largest economies in the Western Hemisphere, will focus on four key areas. These include improving access to multilateral climate funds, a priority for Brazil during its G20 presidency this year.
Other pillars of the agenda involve strengthening clean energy supply chains, enhancing the integrity and effectiveness of voluntary carbon markets, and mobilizing finance for nature conservation and biodiversity restoration through multilateral development banks.
