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illuminem summarizes for you the essential news of the day. Read the full piece on Forbes or enjoy below:
🗞️ Driving the news: At the COP28 summit, Paraguay's President Santiago Peña highlighted the nation's significant role in global food security and environmental sustainability
• Despite being a top exporter of beef and soybeans, Paraguay maintains low CO2 emissions and substantial forest cover, positioning itself as a key natural carbon sink
🔭 The context: Paraguay, with its rich natural habitats and commitment to sustainable agriculture, plays a crucial role in both global food production and environmental conservation
• The country's efficient use of resources, such as hydropower for electricity, exemplifies its approach to balancing development and environmental protection
🌍 Why it matters for the planet: As one of the world's largest natural carbon sinks, Paraguay's efforts in preserving its forests and sustainable agriculture practices are vital in combating climate change
• The country's success in maintaining a high forest cover and minimal deforestation showcases a model for sustainable development
⏭️ What's next: Paraguay seeks international recognition and financial support for its environmental contributions, advocating for carbon financing to further its sustainable development
• This support is essential for the country to continue its low deforestation rates and protect its crucial role in global food security and environmental sustainability
💬 One quote: "In 2004, we promoted a zero-deforestation law in the country’s Western region. Moreover, there has been no economic impact, and the agricultural sector has maximized production and exports" (Rolando Barros de Barreto, Paraguay’s Environmental Minister at COP28)
📈 One stat: Paraguay has 44% forest cover and is one of the world's top 10 beef exporters, demonstrating its capability to balance agricultural productivity with environmental stewardship
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