Ecoist Abode Article

Brazil establishes the Amazon Fund to fight Deforestation

 
Brazil has created an international fund to fight deforestation of the Amazon and is accepting contributions to help preserve the world's largest rainforest.    Brazilian President Luiz Inacio Lula da Silva signed a decree here creating the Amazon Fund, designed to receive up to 21 billion dollars in contributions over the next 13 years.

Donations will be administered and projects monitored by a state bank, the National Economic and Social Development Banks (BNDES).  The fund will also finance conservation and durable development projects proposed by the environment ministry, officials said.  The limit for contributions in the first year has been set at one billion dollars.

Norway will be the first donor to step up, pledging 100 million dollars in September, Environment Minister Carlos Minc said.  BNDES environment director Eduardo de Mello told reporters donors would not receive any benefits in return for their contributions such as tax exemptions or carbon credits.  "Donations are voluntary and donors have no say over the use of the resources," he said.

That comment reflected Brazil's stance that it is best-placed to manage conservation of the Amazon, despite criticism from some environmental groups that its efforts are falling short and foreign involvement might help.  De Mello added that other countries, companies and banks have shown interest in the fund.  Up to 20 percent of the fund's cash can go to preserving Brazilian ecosystems outside the Amazon, and even in other tropical countries.

Print  
Related Ecoist Abode Articles & News

Giant oil skimmer A Whale being readied in Gulf of Mexico

 
The massive oil skimmer A Whale is being tested and readied to join the fight cleaning up the BP oil spill in the Gulf of Mexico. Read More
 

Hurricane Alex effects on the Gulf Oil spill

 
Concerns are growing as Hurricane Alex gains strength in the southern Gulf of Mexico as to how it could effect the ongoing efforts to stem and cleanup the oil spill off Louisiana. Read More
 

President Obama demands BP pay for spill damage

 
President Barack Obama is demanding BP set aside billions of dollars to pay damages from the Gulf oil spill catastrophe. He is seeking to counter an image of detached leadership in the oil spill. Read More
 

Oil slick reaches Florida as Obama lashes out at BP

 
The terrible oil slick reached the pristine Florida peninsula beaches Friday and President Obama finally took off the gloves and lashed out at British Petroleum. Read More
 

Nothing working on the Gulf oil spill

 
Everything we have thrown at the spewing oil leak in the Gulf of Mexico has failed and it looks like the leak could continue for weeks and even months. Read More

Advertise Here
Advertise Here


Home  |  Going Green  |  Green Energy  |  Recycling  |  Climate Change  |  Hybrids  |  Other
The Ecoist Abode - complete information on Going Green, Green Energy, Recycling, Climate Control, Hybrid Cars and Other Environmental Tips and Ideas.

 
Home  |  About Ecoist Abode  |  Ads  |  Contact Us  |  Links  |  Site Map
Ecoist Abode © 2007 - 2010
Active Users on Ecoist Abode --> 2

Website Design by XpertFx