Ireland’s Generous Support for Brazil’s Amazon Fund
Ireland has recently become the eighth donor to Brazil’s Amazon Fund, demonstrating its commitment to environmental conservation and sustainability. With a generous contribution of €15 million, Ireland joins other countries in supporting the crucial work of the fund, which is managed by Brazil’s National Bank for Economic and Social Development (BNDES).
The Amazon Fund plays a pivotal role in funding projects that focus on conservation, monitoring, and sustainable development in the Amazon region. Since its establishment in 2009, the fund has financed 123 projects, contributing to significant progress in reducing deforestation rates and promoting environmental protection.
Key Points:
- In 2024, the Amazon Fund allocated R$200 million towards initiatives aimed at combating deforestation, resulting in a notable decrease of over 45% compared to 2022.
- Ireland’s support underscores the international recognition of Brazil’s commendable efforts in addressing deforestation and climate change.
- Minister Marina Silva emphasized the importance of Ireland’s contribution in advancing Brazil’s environmental agenda and tackling climate change challenges.
During a meeting in São Paulo, Minister Silva and Irish Transport Minister Sean Canney highlighted the significance of Ireland’s support in fostering sustainable development and environmental preservation. The Amazon Fund, which is based on non-refundable contributions, has received donations from several countries, including Norway, Germany, the United States, and Japan.
Recent Successes:
- The official deforestation rate in the Amazon saw a significant decline, with a reduction of 30.63% from August 2023 to July 2024.
- The subsequent period recorded an even greater reduction, surpassing 45% compared to 2022, showcasing the positive impact of ongoing conservation efforts.
Looking Ahead:
- The BNDES, as the fund manager, remains committed to expanding the positive impacts of the Amazon Fund and attracting new partners dedicated to environmental preservation and climate action.
- With a renewed focus on sustainability, Brazil aims to usher in a new era of prosperity amidst the challenges posed by climate change.
In conclusion, Ireland’s support for Brazil’s Amazon Fund signifies a collective commitment to safeguarding the environment and promoting sustainable development. By joining forces with international partners, Brazil continues its mission to preserve critical ecosystems and address pressing environmental issues. Together, we can create a more sustainable and resilient future for generations to come.
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