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Mr. president and Excellencies, the challenges that impede our sustainable development are increasing. We must respond by implementing science based emission reductions, scale up national climate commitments and accelerate transition to renewable energy. We demand accessible and predictable adaptation grant financing to support investments in resilient infrastructure. We must operationalize the loss and damage fund. And further, we must keep the 1.5°C goal and sustain methane reduction. This is not a substitute for long term decarbonization, but can slow near-term warming, protect vulnerable communities and oceans, and preserve critical time for those on the front lines of the climate crisis. Micronesia endorses the proposed Fossil Fuel Non-Proliferation treaty. A just and orderly transition away from fossil fuel is now inseparable from the wider geopolitical and economic realities shaping global energy markets. Instability in the Middle East and volatile fuel prices are the vulnerability of small island developing states to expensive fuel, unstable supply and widespread economic fragility. Shift to renewable energy is an economic necessity. Solar, wind and ocean based technologies can reduce dependence on external fuel markets, strengthen energy security, and lower emissions in line with science. The world must accelerate the transition to resilient, affordable and community centred renewable energy system. Mr. president, our people are the most important and most valuable national resource. We remain committed to delivering effective public services and advancing Micronesia priorities for our citizens wherever they reside.
This strategic canal for the free world, once again, is suffering the consequences of climate change. This is something that is a real paradox because we are a carbon-negative country and one of the very few carbon-negative countries in the world, but this does not mean that we don't have to face strong droughts followed by heavy rain that causes flooding. This leads us to a reflection that is, there's a lot of support for nations that assume the objective of decarbonization, but the fact is that we don't benefit from any type of economic aid, despite the fact that we remove more carbon from the world than we produce. So it will be the Panama Canal itself that grew under Panamanian hands and that saw billions of dollars of investments to build the Rio Indio project. This is going to be a reservoir of water to ensure that the canal can continue to be used and provide more predictability to international trade and water supply to hundreds of thousands of citizens. This is an endeavor of the United Nations to support responsible projects, both socially and environmentally, that represent real progress for our countries. It's fundamental not to give in to pressure from organizations that seek extortion under the coverage of social struggles and seek cover in international organizations such as the ILO, for example. Distinguished delegates, Panama is a global leader in the conservation of biodiversity and cultural legacy as a basis for our sustainable development.
It is time to resume the offensive and inflict a defeat on denialism. Nature reminds us every day that we live on one planet. The glaciers in the Himalayas are melting. The super El Nino may cause torrential rains, droughts and forest fires in different parts of the globe. Its effects will hit the most vulnerable, the hardest. Brazil has been demonstrating that it is possible to combine economic growth with reduced emissions. We have achieved our self-sufficiency in oil and will continue to explore the potential of new reserves, such as those in the equatorial margin. But we will not abandon the environmental agenda. We will move forward with the roadmap for the decarbonization of the Brazilian economy. The Tropical Forest Forever facility, launched at Cop 30 in the city of Berlin, shows that it is possible to change old paradigms. The forest is worth more standing than destroyed. We will continue to reduce deforestation, which has been cut in half in the Amazon and reaching its lowest level in 11 years. We have the moral authority to reject protectionist measures disguised as commitment to the environmental cause. Brazil is a global reference in green energy. We have the critical minerals and the rare earths that the world needs to make the energy transition. Our natural wealth belongs to the Brazilian people, and it is in their benefit that it will be exploited.
It is in Sendai that Japan will host the Asia Pacific Ministerial Conference on Disaster Risk Reduction in October next year. To protect the lives of present and future generations, all states must take serious action to tackle global warming. I believe that climate action and economic growth can go hand in hand. Japan has been advancing green transformation GX efforts with the goal of achieving net zero by 2050. Such capabilities include establishing the basis for the production and engineering of materials such as green steel, utilizing the world's most efficient gas fired power generation, and popularizing the adoption of energy efficient data centers. Harnessing Japan's technological capabilities, we will enhance these efforts with a view to strengthening the resilience of the energy supply demand structure and vigorously advance the policy package for wide energy and resources resilience through green transformation or POWERR GX. Furthermore, Japan will contribute to global climate action, including through GX related efforts such as the Asia Zero Emission Community AZEC that simultaneously achieve decarbonization, energy security, and economic growth.
We must champion timelines for decarbonization, but actually doing that in a forced or imposed way is a direct threat to food security, employment, and production. We must avoid industrial collapses, the breakdown of production, and avoid energy costs which people cannot afford. As such, energy security is vital if we are to ensure the survival of the international economy and to buttress development. There is no doubt whatsoever that Venezuela plays—and will play— a crucial role in these international efforts. Here, I wish to point to the recent agreement signed between the United States and Venezuela as one of the most all-encompassing and significant ever signed. It will contribute to ensuring the energy balance of the hemisphere and the well-being of our economy. Six, I now wish to refer to artificial intelligence. It is a genuine technological revolution.
The governance of strategic resources ought to be an issue of peace, development, and global security from now on. The energy transition, the electrification of transport, energy storage, as well as the expansion of digital and AI infrastructure are accelerating demand for copper, cobalt, lithium, nickel, and other critical minerals. As the largest global producer of cobalt and a major copper-producing power, the DRC is at the heart of this transformation. Congolese cobalt is already being used in batteries, power grids, digital equipment, and technologies that are crucial for the decarbonization of the global economy. It would be both unjust and dangerous for added value, jobs, know-how, and technologies to remain concentrated far away from the communities that are making these changes possible. We cannot build a decarbonized economy through blood-stained minerals. And we will not bring about a just transition by reproducing a greenwashed version of our past dependencies. The DRC, therefore, rejects the old model that limits producer countries to crude extraction while processing, research, technology, and the bulk of the profits are concentrated elsewhere. Our ambition is clear. We no longer wish to be simply the basement of the world's economy. We plan to become a workshop, a laboratory, and a sovereign partner. Nous voulons transformer. We'd like to further transform cobalt and copper, process more cobalt and copper on our territory, develop precursors for batteries and industrial components, train our engineers, support our researchers, and include our enterprises in global value chains. We'd like to build, together with our African and international partners, competitive regional businesses that create jobs, skills, and shared prosperity. This ambition, first and foremost, entails taking up our own responsibilities. The DRC is pursuing the modernization of mining governance through the transparency of contracts, extractive revenue, and effective beneficiaries, improving mining registries, the deployment of traceability mechanisms, and the fight against fraud. We're also accelerating the formalization of small-scale mining, the regulation of traders, organization of cooperatives, and by securing exploitation zones. The battle against child labor in mines, in this regard, is a moral and national obligation. Together with the International Labor Organization, UNICEF, and our other partners, we are strengthening our identification, monitoring, and remediation mechanisms, as well as the training of our inspectors, school attendance of children, and economic solutions for their families. Our goal is unambiguous. We need to achieve zero children in the mines. This responsibility is one that lies with the Congolese state, but it also involves businesses, traders, refiners, manufacturers, financial institutions, and destination markets. The real proof of a responsible supply chain is not the electric vehicle sold downstream. It is the child who no longer descends into the mines upstream. That is why the DRC proposes creating, under UN auspices and together with the African Union, as well as producer, processor, and consumer countries, a global framework for just, traceable, and resilient critical mineral value chains. Based upon the sovereignty of producer states, it ought to guarantee traceability of minerals, responsibility of economic actors, protection of workers and communities, as well as a more equitable sharing of added value thanks to local processing and technology transfer. The corridor of Lobito ought to become one of the tools to further this ambition. We commend the commitment of Angola, Zambia, the USA, the European Union, the African Development Bank, financial institutions, and the private sector to promote its implementation. The rehabilitation of railway links, the modernization of infrastructure, the facilitation of exchange and energy investments can connect our territories, reduce logistical costs, and stimulate regional trade. But our vision goes far beyond accelerating the export of our raw materials. A corridor that only shortens the path from the mine to the port only reproduces the past. The corridor of Lobito ought to become a real backbone for regional industrialization, with the support of investors, with the help of whom we hope to build transparent, sustainable, and mutually beneficial partnerships for the well-being of future generations.
It's what we also tried to do, acting together. And we did it. Just look at the oceans. A few years ago, everybody said it was impossible to craft agreements so as to protect marine areas, protect the oceans. Just look at what we've done over the last few years, protecting 30% of our landmass and our seas. We've crafted this agreement and implementation is improving year in, year out. Some also told us that we wouldn't be able to conserve two thirds of our oceans, the high seas. We undertook those negotiations, working hand in hand with the great powers. That's the BBNJ agreement. And in a matter of months we achieved over 60 ratifications, which means that the treaty has now entered into force. That agreement, the Nice treaty, the United Nations Ocean Conference, the third Oceans Conference last year, helped us to accelerate that work, and the first oceans will be held in a few months time in January. This is tremendous evidence of our ability to achieve concrete results when we mobilize, when we act in concert. So let's not give in to fatalism. Let's defend what we've achieved, but also our principles. We must defend free and independent science. Let's protect the IPCC, IPBES. We need scientists who measure, who analyze, who assess. Let's uphold our commitment to the Paris Agreement, to our decarbonization pathways, to our 2050 carbon neutrality target. Let's shoulder our share of responsibility. We need to innovate, cooperate, restart, work on biodiversity credits, and achieve our objectives on forests and oceans. We have many decisions to take. We cannot give in to fatalism.
