Norway Pledges $64 Million to Brazil's Amazon Fund Following Record Low Deforestation Rates
Norway has announced a donation of approximately 350 million reais ($63.58 million) to Brazil’s Amazon Fund. This pledge comes in response to Brazil's reported record-low deforestation rates in the Amazon rainforest. According to Brazil’s space research agency, INPE, deforestation in the Amazon fell to its lowest recorded level in the 12 months leading up to July. Sigrun Aasland, Norwegian Climate and Environment Minister, praised Brazil's results as 'impressive and important not just for the country, but for the whole world.' Norway has been the largest contributor to the Amazon Fund since its inception in 2008, having disbursed a total of approximately 3.8 billion reais. The fund is dedicated to preserving the Amazon, the world's largest rainforest, and supports initiatives in forest protection, enforcement, wildfire prevention, restoration, indigenous and land rights, and sustainable economic activities.