Latin American Countries Aim to Curb Amazon Deforestation
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Latin American Countries Aim to Curb Amazon Deforestation

Brazil’s president hosts regional leaders as rainforest risks losing ability to help offset climate change

By SAMANTHA PEARSON
Thu, Aug 10, 2023 8:00amGrey Clock 4 min

SÃO PAULO—The Latin American countries that share the Amazon rainforest embarked on a two-day meeting Tuesday in the Brazilian jungle city of Belém with an aim to halt the deforestation that many scientists blame for accelerating climate change.

Brazil, home to 60% of the world’s biggest rainforest, held a meeting for presidents and top officials from countries that are home to the rest of the Amazon: Peru, Colombia, Bolivia, Venezuela, Ecuador, Guyana and Suriname. The summit is the first in 14 years for the Amazon Cooperation Treaty Organization, a group that arose from a treaty Amazonian nations signed in 1978 to promote harmonious development of the region. France, which oversees French Guiana on South America’s northeast shoulder, was represented by the French ambassador in Brasília.

The meeting comes as Brazilian President Luiz Inácio Lula da Silva seeks to position his country as a leading voice in the global fight against deforestation, and facilitator of cross-border environmental cooperation on the continent through the 45-year-old treaty.

“It’s never been more urgent to resume and widen this cooperation—it’s the challenge of our era,” said da Silva in his opening speech Tuesday.

Other countries with large tropical forests, such as Indonesia, Republic of Congo and the Democratic Republic of Congo, were expected to join the meeting along with Norway and Germany, which contribute to deforestation programs. The United Arab Emirates, which will host this year’s United Nations climate summit in Dubai, was also to attend.

Twice the size of India, the Amazon rainforest has long absorbed more carbon than it releases, acting as a vital brake on global climate change. But with close to 20% of the original forest now gone, scientists tracking the forest say the Amazon could be close to its so-called irreversible tipping point, at which it would dry out and eventually become savanna. The effects could be global. Climate scientists have blamed forest loss for contributing to global warming, which the U.S. Environmental Protection Agency has said explains why heat waves in countries such as the U.S. are becoming more common.

Deforestation in Brazil’s Amazon has hit its lowest level in four years since da Silva’s administration started in January, dropping about 34% in the first six months of this year compared with the same period last year, according to preliminary data from Brazil’s National Institute of Space Research, known as INPE. While da Silva has vowed to bring jungle destruction down to zero by 2030, he has argued that this can’t be done at the cost of the livelihoods of the some 30 million people who live in Brazil’s Amazon.

Instead, Brazil must build a new green economy in the Amazon with financing and investment from abroad, da Silva argues, as well as develop a regulated carbon market. Brazil relies on foreign donations to help operate its underfunded environmental enforcement agencies, which use helicopters, drones and other equipment to monitor illegal deforestation across the vast area.

“What we want is to tell the world what we’re going to do with our forests and what the world has to do to help us,” da Silva said in a government statement. Da Silva said he plans to pressure wealthy nations to fulfil the pledge they made during the 2015 Paris climate accord to provide $100 billion a year to help developing countries fight climate change.

Other Latin American countries, including Colombia and Peru, have set deforestation targets but face serious challenges from illegal mining and drug gangs that have tightened their grip over the forest in what the U.N. recently referred to as “narco-deforestation.”

Tackling deforestation is one of the most urgent tasks facing South America, scientists say.

Heavily-deforested parts of the Amazon’s southeastern region have already ceased to function as a carbon absorber and are now a carbon source, according to a study published in 2021 by Luciana Gatti, a researcher for INPE, which uses satellites to track deforestation.

The Amazon rainforest influences weather patterns around the world and as deforestation advances, this could make extreme weather events more common, said Daniel Nepstad, who heads the California-based Earth Innovation Institute and has worked in the Amazon for more than 30 years.

“The forest is a global air-conditioning unit…an enormous heat processing machine that influences weather around the world,” said Nepstad, adding that the willingness of all leaders to meet to discuss the issue was in itself a “hugely positive outcome.”

Deadly heat waves have upended daily life in large parts of the U.S., Europe and Asia this year, while unusually high temperatures in South America’s winter have melted snow in the Andes mountains.

Regional coordination is vital, environmentalists say. Deep in the Amazon, where indigenous communities often straddle borders and loggers and criminal groups move freely, one country’s efforts can easily be rendered ineffective by those of its neighbour.

Such a summit seemed a distant possibility just a year ago, when da Silva’s right-wing predecessor Jair Bolsonaro was president. Bolsonaro, who jokingly referred to himself as “Captain Chainsaw,” cut funding for environmental enforcement and bristled at attempts from foreign countries to influence his stewardship of the Amazon even as he called on them to fund deforestation efforts.

Under the conservative leader, a swath of forest bigger than Vermont was destroyed in four years, according to INPE data.

Da Silva’s election in October last year put much of South America in the hands of a group of loosely allied leftist leaders, easing regional talks on an issue, the Amazon, that had never resulted in tangible cooperation, political scientists said.

Points of conflict, to be sure, exist among the countries participating in the Belém summit.

While da Silva has mulled plans to develop offshore oil finds near the mouth of the Amazon River to help lower domestic fuel costs, his Colombian counterpart, Gustavo Petro, called last month for all new oil developments to be blocked in the region.

“As heads of state, we must assure the end of new oil and gas exploration in the Amazon,” Petro wrote last month in the Miami Herald. “We must exhibit courage, even as we address fundamental social issues within our countries, exacerbated by a cost of living crisis and rampant inflation.”

Marcio Astrini, who heads a coalition of environmental groups called the Brazilian Climate Observatory, said Amazonian countries are likely to find common ground on the need to protect indigenous communities, combat crime at the borders and support scientific research to better understand the forest.

“These countries are in different political situations…but they all found space in their agendas to agree to this and get together to discuss these sensitive issues,” said Astrini.

The biggest point they have in common, though, is their desire to get richer nations to help pay for all of this, said Astrini.

“Show me the money—that’s one thing they’ll all be saying in unison,” he said.



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The Budget Wake-Up Call for Wealthy Australians

The Federal Budget may have softened some of its proposed tax reforms, but it has exposed a bigger issue: too many families are relying on wealth structures that no longer reflect the realities of modern life.

By Opinion, Anthony Hunt
Mon, Jun 22, 2026 3 min

For many Australians, the 2026 Federal Budget initially felt like a direct challenge to the way wealth is created, held and transferred between generations.

The headlines were immediate: changes to capital gains tax, reforms to discretionary trusts, restrictions on negative gearing and increased scrutiny of investment structures. Unsurprisingly, affluent families, business owners and investors began asking the same question:

Is the way we hold our wealth still fit for purpose?

In recent days, the government has announced several significant amendments following industry consultation and public feedback, including exempting testamentary trusts from the proposed 30 per cent minimum tax and expanding capital gains tax concessions for small businesses.

The backdown is welcome. But it also highlights something much bigger.

This Budget has accelerated a conversation that many Australian families have been postponing for years.

The conversation is not really about tax. It is about wealth stewardship.

For decades, Australians have built wealth through businesses, property, investments and careful long-term planning. Yet many families have not revisited the legal structures surrounding those assets in years, sometimes decades.

We often see clients who have spent years building significant wealth, only to discover their legal arrangements no longer reflect their current circumstances.

Their children are now adults. They may own multiple properties.

They may have sold a business, entered a second marriage, become grandparents or accumulated digital assets that did not exist when their original estate plans were prepared.

The trust that distributes income may need to be reconsidered. The bucket company may no longer be so attractive.

The Budget has simply exposed a reality that already existed: wealth structures cannot remain static while life continues to evolve.

Importantly, trusts themselves are not the issue.

Trusts are legitimate planning tools that provide flexibility, protection and continuity. When used appropriately, they allow families to adapt to changing circumstances over time.

And neither is tax the issue, really. Getting the fundamentals right is more important for long-term, sustainable wealth than a few favourable tax treatments around the edges.

Anthony Hunt

The real issue is complacency.

Too often, families create structures and assume the job is done. It isn’t.

Estate planning is no longer a document you sign once and file away in a drawer. It is an ongoing process that should evolve alongside your life.

We are also seeing a broader shift in how Australians define wealth itself. It is no longer just the family home and an investment portfolio.

Modern wealth includes businesses, digital assets, cryptocurrency, intellectual property, frequent flyer points and increasingly complex family arrangements.

At the same time, Australians are living longer than ever before, meaning wealth may need to support multiple generations simultaneously. This creates new responsibilities and new risks.

How do you help your children enter the property market without exposing family wealth to relationship breakdowns?

How do you structure wealth so that it remains a source of opportunity rather than future conflict?

These are the questions families should be asking now.

The recent debate surrounding testamentary trusts also serves as an important reminder that policy decisions can have unintended consequences for vulnerable Australians. It is encouraging that the government has listened to feedback and clarified its position.

But the lesson remains: the wealth landscape is changing.

Increasingly, governments, regulators and tax authorities are paying closer attention to how wealth is held and transferred. That means families cannot afford to adopt a “set-and-forget” approach to their structures.

The families who will be best placed for the future are not necessarily those with the greatest wealth.

They are the families with the greatest clarity. Clarity around ownership, succession and governance. And clarity around how wealth will transition from one generation to the next.

Ultimately, preserving wealth is not about avoiding change.

It is about preparing for it.

Because the greatest risk is not change itself.

It is losing the ability to respond to it.

Anthony Hunt is Co-Founder of Wealth Lawyers and former COO of Westpac Private Bank. He advises business owners, investors and affluent Australian families on wealth protection, succession planning and intergenerational wealth transfer

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