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In 2023, Brazil’s Amazon Fund for sustainable rainforest development received $640 million in new pledged donations from developed nations, according to Tereza Campello, the environmental director of the National Development Bank (BNDES) managing the fund.
Among these, $500 million came from the Biden Administration over five years, pending approval by the U.S. Congress.
Additional donations were made by Britain, Denmark, and the European Union, while Norway and Germany, the original and second donors respectively, also provided extra funding.
Under President Luiz Inacio Lula da Silva’s administration, deforestation in Brazil’s Amazon decreased to its lowest level since 2018, following a surge during the previous presidency of Jair Bolsonaro, a climate-change skeptic.
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Read the full post at Carbon Herald.
