Brazil And France Launched Investment Plan To Protect The Amazon Rainforests

by | Mar 28, 2024 | Daily News, Environmental News

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Brazil and France have embarked on a collaborative investment plan to protect the Amazon rainforests. This initiative involves a substantial commitment of 1 billion euros ($1.1 billion) in both private and public funds over the next four years. The announcement of this crucial partnership took place during French President Emmanuel Macron’s official visit to Brazil, where he landed in Belem on Tuesday, near the mouth of the Amazon. Upon arrival, Macron was warmly received by Brazil’s President Luiz Inacio Lula da Silva, marking the beginning of a significant joint effort.

 investment plan to protect the Amazon rainforest

A Unified Front Against Deforestation

In a joint statement issued from Belem, the heart of the Amazon, both nations declared their intent to collaborate closely in establishing an international roadmap for the protection of tropical forests. With a shared commitment to combat deforestation in the Amazon by 2030, their unified endeavor aims to mitigate the impacts of climate change on a global scale. This partnership holds particular significance as Brazil prepares to host the COP30 climate negotiations in 2025, underscoring the urgency of addressing environmental challenges.

The joint statement emphasized the president’s dedication to conserving, restoring, and sustainably managing the world’s tropical forests. Central to their agenda is the development of innovative financial instruments, market mechanisms, and payment schemes for environmental services. By fostering such initiatives, Brazil and France aspire to promote sustainable practices that balance economic development with ecological preservation.

Honoring Indigenous Leadership and Environmental Advocacy

During the visit, President Macron paid tribute to Indigenous leader Raoni Metuktire of the Kayapo people, recognizing his longstanding advocacy for environmental protection and Indigenous rights. Chief Raoni’s tireless efforts, dating back to the 1980s, have made him a symbol of global conservation efforts, notably with the support of musician Sting. At the event, Macron bestowed upon Chief Raoni the National Order of the Legion of Honor, France’s highest order of merit, in acknowledgement of his remarkable contributions.

Chief Raoni seized the opportunity to raise concerns about the environmental ramifications of a proposed railway project, known as Ferrograo, backed by soy farmers. He emphasized the need for genuine consultation with Indigenous communities, highlighting the potential adverse effects on their lands and livelihoods. Urging President Lula to reconsider approval for the project, Chief Raoni underscored the importance of respecting Indigenous rights and preserving the Amazon’s ecological integrity.

Revitalizing Bilateral Relations

Despite previous tensions, particularly in 2019 amid international scrutiny of the Amazon fires, relations between France and Brazil have experienced a positive shift. Following a period of strained diplomatic ties, both nations are actively working to revitalize their bilateral relationship and strategic partnership. This renewed engagement reflects a mutual commitment to addressing environmental challenges, fostering sustainable development, and safeguarding the Amazon rainforest for future generations. As Brazil and France join forces for the investment plan to protect the Amazon rainforests, their collaborative efforts signal a renewed sense of urgency and determination in the global fight against deforestation and climate change.

Also Read: New York Set New Records For Wind And Solar Energy Generation

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