Environment
Norway announces R$ 350 million donation to the Amazon Fund
The financial contribution, announced during COP-31, recognizes the record reduction in deforestation of the Brazilian rainforest, which reached its lowest level since 1988 in the last monitoring period.
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The essentials of this story
- What happened
- The Norwegian government allocated R$ 350 million to finance protection actions and combat deforestation in the Brazilian Amazon.
- Who is affected
- The Amazon Fund, managed by BNDES, and the 156 conservation and sustainable use initiatives supported by the mechanism.
- What changes
- The contribution reinforces the funding of monitoring and deforestation prevention projects, in a context of record drops in forest clearing rates.
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