Ireland Joins Forces with Brazil to Support the Amazon Fund
In a significant move highlighting global cooperation for environmental conservation, Ireland has pledged €15 million to Brazil’s Amazon Fund, becoming its eighth donor. The fund, overseen by Brazil’s National Bank for Economic and Social Development (BNDES), focuses on conservation, monitoring, and sustainable development initiatives in the Amazon region. With a track record of funding 123 projects since its inception in 2009, the Amazon Fund plays a vital role in combating deforestation and fostering environmental sustainability.
Key Points:
- In 2024, the Amazon Fund allocated R$200 million, resulting in a notable 45% reduction in deforestation compared to previous years.
- Ireland’s contribution underscores recognition of Brazil’s efforts in battling deforestation and climate change.
- Environment Minister Marina Silva praised Ireland’s support, emphasizing the importance of international solidarity in tackling environmental challenges.
During a meeting in São Paulo between Minister Silva and Irish Transport Minister Sean Canney, the announcement of Ireland’s support was warmly welcomed. Minister Silva expressed gratitude for Ireland’s commitment to furthering Brazil’s environmental agenda and climate change mitigation efforts through its generous donation.
The Amazon Fund serves as a vital financial resource for the conservation and sustainable development of the Amazon biome, primarily through non-refundable contributions. With donations from countries like Norway, Germany, the United States, the United Kingdom, Denmark, Switzerland, and Japan, the fund continues to attract international partners dedicated to environmental sustainability.
Progress Update:
- From August 2023 to July 2024, official deforestation rates in the Amazon decreased by over 30%.
- Subsequently, a further reduction of more than 45% was achieved in comparison to 2022, indicating positive strides in environmental conservation efforts.
BNDES President Aloizio Mercadante highlighted the growing support from international donors as a testament to Brazil’s steadfast commitment to sustainable development. As the fund manager, BNDES remains committed to maximizing the positive impacts of the Amazon Fund and fostering collaboration with new partners dedicated to environmental preservation and addressing the climate crisis.
In conclusion, the partnership between Ireland and Brazil demonstrates the power of global solidarity in safeguarding our planet’s precious ecosystems. By working together and pooling resources, countries can make a tangible impact on environmental conservation and combatting climate change for a sustainable future. Let us continue to support initiatives like the Amazon Fund, paving the way for a greener and more resilient world.
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