The two leaders intend to raise “one billion euros of public and private investments over the next four years” for the Amazon forest, which plays a vital role against global warming.
:quality(50)/2023/07/06/64a68815cd1a7_placeholder-36b69ec8.png)
Published
Update
Reading time: 1 min
:quality(50)/2024/03/27/000-34mb74y-6603b2cbf1c3c537419753.jpg)
Emmanuel Macron and his Brazilian counterpart Luiz Inacio Lula da Silva announced a program aimed at lifting “a billion euros of investments” greens for the Brazilian Amazon and French Guyana side, during a visit by the French head of state to Brazil, Tuesday March 26. The world’s largest rainforest plays a vital role against global warming by absorbing carbon emissions.
These funds “public and private”, which must be lifted “over the next four years”are part of an international roadmap that the two heads of state intend to promote in the run-up to the COP30 which will be held in Belem (northern Brazil) in 2025. The two leaders will also “to defend together, within the framework of the Brazilian presidency of the G20 in 2024, a major global investment plan, public and private, in the bioeconomy”a model which aims to combine economic development and environmental protection.
This plan must combine the “conservation and sustainable management of forests” with the “economic valuation” territories, by placing the “indigenous peoples and local communities at the heart of decision-making”, underlines the document. The two heads of state also want to encourage the development of a “carbon market capable of remunerating forest countries which invest in the restoration of natural sinks”.
