The preservation of the Amazonian environment was reinforced by the transfer of R $ 271.2 million (about US $ 82.3 million) from Norway and Germany, countries that participate in the Amazon Fund, managed by the National Bank for Economic and Social Development (BNDES). In all, forest protection projects amount to R $ 3.3 billion (about US $ 1 billion) ..
The initiative aims to recover 3,000 hectares of Amazonian forests. To do so, it captures Norwegian and non-reimbursable German investments to prevent, monitor and combat the degradation of the region’s vegetation. In addition, the Fund still allows 20% of the resources to be invested in the preservation of other biomes. Public calls for fundraising from the Fund also include proposals for sustainable forest use to encourage economic development in the region.
The operation of the Fund also contributed to Brazil’s compliance with the commitment established with the signing of the Paris Agreement: to recover 12 million hectares deforested. Between August last year and July this year, the rate of deforestation fell by 21% in the Legal Amazon.