Norway and the United Kingdom announced R$460 million for the fund

Norway and the United Kingdom announced R$460 million for the fund

Norway and the United Kingdom announced an allocation of 94 million dollars – about R$ 464 million at this Monday’s prices (11).
In an announcement made during the celebration of 15 years of financial policy at the 28th United Nations (UN) Climate Conference, COP28, in Dubai, United Arab Emirates, for Amazon Finance.

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Norway will contribute $50 million and the UK $44 million. Recently, the fund has received resources from Germany, Switzerland and the United States. Norway is, to date, the main donor.

In 2018, after the election of former President Jair Bolsonaro (PL), the European country stopped donating. Payments resumed after the victory of President Luiz Inácio Lula da Silva (PT), who reactivated the fund.

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“In recognition of the results [na queda do desmatamento no bioma] From Lula and Marina [Silva]As well as Brazil’s strong ambitions, I am very happy to announce that we will resume new contributions to the Amazon Fund, so that we can deliver more in the future,” said Norway’s Climate Minister Andreas Bjelland Eriksson. This Monday.

“Stopping deforestation in the Amazon this decade will require unprecedented cooperation and ambition. Today Norway sees renewed ambitions and Brazil with great ambitions and pioneering spirit,” he added.

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The fund was created in 2008 to finance projects that protect the Amazon forest and traditional communities. Activities include fighting against deforestation and fire.

“Amazon funding has proven to be an effective solution for financing tropical forests in Brazil, expanding Brazilian efforts for the Amazon,” said Doris Jaeger, executive director of the Rainforest Foundation of Norway, an organization based in Norway. Monday.

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“Brazil needs international support to meet its ambition of ending deforestation in the Amazon. This vital rainforest is of global importance for climate and biodiversity, and the responsibility to protect it cannot fall on Brazil alone. We will only succeed in maintaining 1.5 degrees. More countries like the Amazon Fund for Tropical Forest Conservation Aim to contribute,” Jaeger said.

Editing: Geesa Marks

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About the Author: Morton Obrien

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