World
2024-04-05-tropical-forest-loss

Countries like Brazil are seeing the forest for the trees

Since much of the news nowadays is populated by terror-inducing climate developments, the occasional silver lining in the environmental sphere is to be savored (though, not without some caution).

The World Resources Institute’s annual survey for 2023 found that 3.7 million hectares of primary tropical forests were lost globally last year. That’s 9% less than the year before, and 39% less than in 2016, when fires across the Amazon caused staggering reductions — but still the equivalent of ~10 soccer fields of forest being destroyed every minute.

Major shifts in Brazil and Colombia, which saw year-on-year drops in primary forest loss of 36% and 49%, respectively, helped these figures substantially. Indeed, both countries have seen new leaders enact environmental policies to reduce deforestation, including increasing funding for protecting areas and offering incentives for alternative uses of the land.

Unfortunately, on a longer time horizon, the chart above reveals little substantial progress — and, if the promise made by 145 nations at COP26 to end deforestation by 2030 is to be met, there remains a lot of work to be done. While fire-related losses, like those seen in Canada last year, are harder to contain, reduced logging and felling for agriculture must remain a top priority.

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Tom Jones

The UAE’s OPEC exit will hit the group in the barrels

After just shy of 60 years in OPEC, its membership even predating its status as a nation-state, the United Arab Emirates yesterday announced its shocking departure from the oil production group, effective May 1, as the knock-on effects of the Iran war continue to play out across the Middle East and the energy landscape.

For context, the UAE produces the third-highest amount of oil in the group, per April data and OPEC’s latest set of annual statistics.

According to the cartel’s 2025 Annual Statistical Bulletin, the OPEC group was collectively exporting some 19 million barrels of crude oil a day last year, with the United Arab Emirates accounting for some 14% of that daily output.

UAExit means UAExit

The nation, whose energy minister told Reuters yesterday that the decision was taken “after a careful look at current and future policies related to level of production” and wasn’t made following discussions with any other country, made up a healthy share of the group’s total confirmed crude oil reserves, as well.

OPEC exports chart
Sherwood News

Of the 12 nations in the core group, which was founded by just five oil superpowers back in September 1960, only two (Iraq and Saudi Arabia) exported more barrels of crude oil daily, pumping out 3.36 million and 6.05 million barrels, respectively, each day to nations around the world.

For its part, the UAE said it will “continue its responsible role by gradually and thoughtfully increasing production, in line with demand and market conditions,” per the official state news agency. Clearly, the nation now wants a little more control of just how much oil it can pump around the world, with the UAE having to eat a large proportion of lost revenues due to its healthy abundance and OPEC restrictions.

According to the cartel’s 2025 Annual Statistical Bulletin, the OPEC group was collectively exporting some 19 million barrels of crude oil a day last year, with the United Arab Emirates accounting for some 14% of that daily output.

UAExit means UAExit

The nation, whose energy minister told Reuters yesterday that the decision was taken “after a careful look at current and future policies related to level of production” and wasn’t made following discussions with any other country, made up a healthy share of the group’s total confirmed crude oil reserves, as well.

OPEC exports chart
Sherwood News

Of the 12 nations in the core group, which was founded by just five oil superpowers back in September 1960, only two (Iraq and Saudi Arabia) exported more barrels of crude oil daily, pumping out 3.36 million and 6.05 million barrels, respectively, each day to nations around the world.

For its part, the UAE said it will “continue its responsible role by gradually and thoughtfully increasing production, in line with demand and market conditions,” per the official state news agency. Clearly, the nation now wants a little more control of just how much oil it can pump around the world, with the UAE having to eat a large proportion of lost revenues due to its healthy abundance and OPEC restrictions.

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