Politics
Brazil Set to Detail Its New 2050 Net-Zero Plan at COP26
- Nation also plans to sign a U.K.-led pledge on deforestation
- Official sees ‘good chances’ of deal on global carbon markets
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Brazil is set to unveil a more ambitious net-zero target and sign a U.K.-led pledge on ending deforestation in a stark turnaround for the administration of climate-skeptic President Jair Bolsonaro.
The South American nation plans to officially declare its net-zero goal for 2050 -- known as a Nationally Determined Contribution -- at the COP26 climate talks in Scotland on Monday, said Paulino de Carvalho Neto, the Foreign Ministry’s secretary for multilateral political affairs. Brazil will also join a U.K.-led agreement to halt deforestation and end land degradation by 2030.