I will come on to comments about Brazil, but let me say that, absolutely, from the perspective of the Brazilian people and the future of Brazil, being able to tap into those trillions in private sector investment and global supply chains that want to follow sustainable investment is key to their prosperity. If Brazil does not deliver on the promises that it made at COP, it will miss out on the ability to tap into that consumer demand and private sector investment that want to help tackle deforestation and protect the environment. It is therefore in the economic interests of the people of Brazil and of their Government that they deliver on those promises made at COP.
In the run-up to COP26, however, the Amazon countries demonstrated vital leadership in the key commitments that they made. Colombia, for example, enshrined in its climate action law a commitment to net zero deforestation and to protecting 30% of its land and ocean resources by 2030. Peru raised its emissions reduction target from 30% to 40% by 2030, with particular commitments to halting and reversing deforestation, as well as protecting oceans. Brazil increased its national emissions reduction target from 43% to 50% by 2030. That includes specific targets to stop all illegal deforestation in the Amazon by 2028, and to reforest 18 million hectares by 2030.
We know that it will be hard work for President Bolsonaro to turn those commitments into reality. I understand from press announcements that he has recently been taken into hospital, and I am sure that everybody in this place wishes him a speedy recovery. As I have just said, it is absolutely vital, both for the prosperity of the Brazilian people and for the protection of the environment, that those promises are turned into reality. If any future Brazilian Government were to choose to disregard the contribution of the private sector, that would weaken confidence and hit the pockets of the people of Brazil.
My right hon. Friend the Member for Epsom and Ewell also noted that the recent deforestation numbers are deeply concerning. Deforestation in the Amazon basin has increased by 20% in the last year. We will continue to work with and support the Brazilian Government, businesses and civil society organisations.
My hon. Friend the Member for Tiverton and Honiton, the hon. Member for Dundee West (Chris Law) and others mentioned indigenous people. Without the active participation of those who call the Amazon home, we will not be able to tackle deforestation. Around 6,000 indigenous territories and protected areas cover around
half of the Amazon basin. That is why the UK brought together Government and philanthropic donors at COP26 to pledge at least £1.7 billion over the next four years.
The UK is also taking robust action as a consumer country. Through the Environment Act 2021, our world-leading due diligence legislation will tackle illegal deforestation in UK supply chains, looking in particular at commodities that we think play the largest roles in deforestation, including cattle, cocoa, coffee, maize, rubber, palm oil and soy. The hon. Member for Bristol East mentioned shrimp farming, and I thank her for doing so. I encourage those with evidence to submit it through DEFRA’s consultation, which is open until 11 March.
My hon. Friend the Member for South West Bedfordshire (Andrew Selous) mentioned the need for clearer labelling. What lies behind any deforestation-free labelling is the credibility of supply chains, so we are already working with Brazilian businesses and the Brazilian Government to firm up traceability and transparency of deforestation to help support that work on deforestation-free supply chains.
To conclude, there was genuine progress at COP, but never before have nature and forests been so central to the climate agenda, and never before have so many countries come together to help protect the Amazon. Countries in the region are showing real leadership. The task ahead remains difficult, but we are committed to working with Governments and other key players in the region to help them turn commitments into action.
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