Amazon nations form joint statement to protect rainforests

Countries from the Amazon region formed a joint statement on Wednesday at a summit in Brazil to protect tropical rainforests, which play a crucial role in regulating Earth's climate.

The joint statement, titled "United for Our Forests," called for developing a financing mechanism, in order to enable the international community to contribute financially toward the essential services provided by forests. The joint statement also called on developed countries to "fulfill their climate financing obligations and to contribute to the mobilization of $200 billion per year by 2030.

"The statement was issued by eight nations including Bolivia, Brazil, Colombia, the Democratic Republic of Congo, Ecuador, Guyana, Indonesia, Peru, the Republic of Congo, Saint Vincent and the Grenadines, Suriname and Venezuela.

The eight nations are members the Amazon Cooperation Treaty Organization (ACTO), formed in 1995 with the purpose of protecting the Amazon region. Their current collaboration aims to strengthen their influence within global environmental dialogues, as they prepare for the upcoming COP 28 climate conference scheduled for November this year.