Joy and hope are all too rarely associated with the environmental movement, but both have been in abundant supply since Ecuador’s people voted on Sunday to keep the country’s oil in the subsoil of the Yasuní national park. The question now is whether this is a one-off triumph, or something that can be replicated in other countries.
The referendum result obliges the state oil company to dismantle operations ... in ... an area of the Amazon rainforest famed for its ecological diversity, and which is home to two tribes that live in voluntary isolation. With more than 5.4 million votes in favour of halting production and 3.7 million against, this is the most decisive democratic victory against the fossil fuel industry in Latin America and, arguably, the world.
It is the fruit of years of dogged campaigning by the Yasunídos collective and other civil society groups, and will surely inspire climate activists in other parts of the world. But arguably the greatest lesson from the referendum is for other governments, which have just been given a glaring example of the cost of stranded assets when the social mandate for fossil fuels is suddenly removed.
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Leonardo DiCaprio and Jeff Bezos have recently decided to help launch hefty fund to protect the vital areas of the Amazon rainforest.
According to Variety, the two non-profit organisations, DiCaprio’s Re:Wild conservation and Bezos's Nature Solutions, have donated $200 million into the Protect Our Planet (POP) Challenge.
The outlet reported that this donation will “support the expansion and management of Brazil's protected areas and Indigenous territories”.
In a statement issued by Titanic star on June 30, DiCaprio said, “We are inspired by Brazil's ambitious goals for protecting the Amazon, one of the most important places for wildlife on the planet.”
“Also, thrilled to be able to support these efforts through the Protecting Our Planet Challenge,” he added.
Meanwhile, Cristián Samper, managing director and leader of Nature Solutions of the Bezos Earth Fund, explained, “The Amazon is critical for the future of global biodiversity and climate, and we welcome the commitment from President Lula and the Government of Brazil to protect it.”
“We are pleased to support the designation and management of protected areas and Indigenous territories as a key part of the strategy to reduce deforestation, along with new economic models of development based on the conservation and sustainable use of the forest,” stated Samper.
It is pertinent to mention that the donation will be used over the next four years to help Brazil achieve zero deforestation in the Amazon as well as fight both deforestation in protected Indigenous lands and cutting down forests for cattle.
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The big three tropical rainforest nations – Brazil, Indonesia and the Democratic Republic of the Congo – are in talks to form a strategic alliance to coordinate on their conservation, nicknamed an “Opec for rainforests”, the Guardian understands.
The election of Luiz Inácio Lula da Silva, known as Lula, has been followed by a flurry of activity to avoid the destruction of the Amazon, which scientists have warned is dangerously close to tipping point after years of deforestation under its far-right leader, Jair Bolsonaro.
During his first speech as president-elect, Lula pledged to fight for zero deforestation in the Amazon, while Colombia has proposed creating an Amazon bloc at Cop27, and Norway’s environment minister is moving to reinstate a billion-dollar fund to protect the rainforest after it was halted under Bolsonaro.
Brazil, Indonesia and DRC are home to 52% of the world’s remaining primary tropical forests, which are crucial to avoiding climate catastrophe, and the conservation talks are fulfilling a campaign promise by Lula.
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