It is supposed to be the earth lung, but the Amazon rainforest is now emitting more carbon dioxide than it is able to absorb. Put differently, it is a source of CO2, rather than a sink!
Reasons: Most of the emissions are caused by fires, many deliberately set to clear land for beef and soy production.
The Economist, https://www.economist.com/interactive/graphic-detail/2022/05/21/the-brazilian-amazon-has-been-a-net-carbon-emitter-since-2016
The Guardian, https://www.theguardian.com/environment/2021/jul/14/amazon-rainforest-now-emitting-more-co2-than-it-absorbs
CO2 emissions from forest degradation in Brazilian Amazon, https://iopscience.iop.org/article/10.1088/1748-9326/ab9cfc/pdf
Published by Wael Mohamed Aaminou
While living in the US, the 2008 financial crisis’ impact on the economy and people pushed me to question the purpose of my job as a financial consultant. I ultimately shifted gears to focus my advisory efforts on fostering a more ethical finance that puts the real economy, social welfare, and environment preservation at the center. With assignments in Northwestern Africa, Middle Eastern and Southeast Asian regions, this journey led me to challenge and shape Impact finance and Islamic finance ecosystems in as varied sectors as energy, healthcare, education, and agriculture.
Working in more than 10 countries has taught me that sustainable development challenges are complex, and that a viable solution would start by prioritizing efforts on most pressing issues when resources are limited. This is particularly true for climate change which transversally impacts virtually all SDGs. Today, as a sustainability finance advisor, I mobilize people and resources toward the adaptive challenge of building together the sustainable world that our children and planet deserve.
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