Morocco ReportMorocco ReportMorocco Report
  • Automotive
  • Business
  • Entertainment
  • Health
  • Lifestyle
  • Luxury
  • News
  • More
    • Sports
    • Technology
    • Travel
Reading: $1.1 billion program launched to preserve Amazon rainforest
Share
Font ResizerAa
Font ResizerAa
Morocco ReportMorocco Report
Search
  • Automotive
  • Business
  • Entertainment
  • Health
  • Lifestyle
  • Luxury
  • News
  • More
    • Sports
    • Technology
    • Travel
© 2022 Morocco Report | All Rights Reserved
Home » $1.1 billion program launched to preserve Amazon rainforest
News

$1.1 billion program launched to preserve Amazon rainforest

Published: March 28, 2024
Share
SHARE

Brazil and France have initiated a groundbreaking $1.1 billion program aimed at safeguarding the Amazon rainforest, a vital ecological asset. The investment, spanning over the next four years, comprises both public and private funds, with a focus on preserving the Brazilian and Guyanese regions of the Amazon.

$1.1 billion program launched to preserve Amazon rainforest

The announcement unfolded during French President Emmanuel Macron’s visit to Brazil, commencing a three-day diplomatic mission. The rendezvous occurred in Belem, strategically situated near the mouth of the Amazon. President Macron was received by his Brazilian counterpart, President Luiz Inacio Lula da Silva, marking a significant collaboration between the two nations.

In a joint statement, both leaders emphasized their commitment to fostering an international initiative dedicated to the protection of tropical forests. Their collaborative effort aims to combat deforestation in the Amazon by 2030, thereby contributing to global climate mitigation efforts. Notably, this initiative precedes Brazil’s hosting of the COP30 climate negotiations in Belen scheduled for 2025.

The presidents underscored their dedication to the conservation, restoration, and sustainable management of tropical forests worldwide. They outlined an ambitious agenda, including the development of innovative financial instruments, market mechanisms, and environmental service payment frameworks.

During the visit, President Macron and President Lula embarked on a symbolic river boat journey to witness sustainable development endeavors firsthand. Their itinerary included a visit to a project focused on chocolate production located on an island near Belem, where they engaged with Indigenous leaders.

At the event, President Macron conferred the National Order of the Legion of Honor upon Chief Raoni Metuktire, a prominent Indigenous leader and environmental advocate from the Kayapo community. Chief Raoni, renowned for his environmental activism since the 1980s, voiced concerns about the proposed Ferrograo railway project. He highlighted potential adverse impacts on Indigenous communities, urging President Lula to reconsider its construction.

Despite prior environmental disputes, Franco-Brazilian relations have undergone significant reconciliation since 2019. Tensions peaked during President Jair Bolsonaro’s tenure, particularly amidst international scrutiny over Amazon fires. However, recent diplomatic efforts signify a renewed commitment to bilateral cooperation and the restoration of strategic ties between France and Brazil.

You Might Also Like

Europe’s retirement landscape, a diverse spectrum from Iceland’s excellence to Spain’s challenges
Sheikh Mohammed meets the Arab League Secretary-General
UAE President and Italy defence chief discuss security
Syrian President receives Abdullah bin Zayed in Damascus
Two-way race for next British PM between Boris Johnson and Rishi Sunak
Share This Article
Facebook TwitterEmail Print
Previous Article Abu Dhabi designated Arab environment capital for 2023
Next Article European Union introduces secure digital identity initiative

Latest News

Northern Ontario wildfires trigger evacuations and closures
Northern Ontario wildfires trigger evacuations and closures
UN extends Red Sea attack reporting through January 2027
UN Extends Red Sea Attack Monitoring Through January 2027
Bangladesh floods kill 51 and affect one million people
Bangladesh floods kill 51 and affect one million people
India and Australia deepen ties across defence and energy
India and Australia deepen ties across defence and energy
Italy and GCC sign MoU to expand political cooperation
Italy and GCC sign MoU to expand political cooperation
Macron visit puts Syria reconstruction deals in focus
Macron visit puts Syria reconstruction deals in focus
© 2026 Morocco Report | All Rights Reserved
  • Home
  • Contact Us
Welcome Back!

Sign in to your account