Brazil has secured a US$247 million investment for reforestation and sustainable development. Funded by the CIF, BNDES, and the World Bank, this initiative targets restoration in the Amazon and Cerrado, aiming to restore 54,000 hectares, reduce CO2 emissions, and create thousands of jobs. An implementation plan must be developed in 18 months.
Brazil has achieved approval for a significant investment initiative, totaling US$247 million, intended to foster reforestation and enhance the utilization of nature-based solutions. This plan, endorsed by the Climate Investment Funds (CIF), focuses on financing restoration efforts specifically in the Amazon and Cerrado regions, according to an announcement from the Brazilian Government’s official website.
The funding comprises US$47 million from the CIF, US$100 million sourced from the Climate Fund via the National Bank for Economic and Social Development (BNDES), and another US$100 million from the World Bank. These financial resources are aimed at promoting private sector engagement, particularly in rehabilitation projects and the establishment of sustainable production chains.
The Nature, People and Climate (NPC) Investment Plan is designed to implement nature-based solutions that address climate change, restore ecosystems, and enhance the resilience of rural communities. The initiative anticipates the restoration of up to 54,000 hectares of forested areas, a reduction of CO2 emissions by 7.75 million tonnes, and the creation of approximately 21,000 direct and indirect job opportunities.
Brazil is tasked with developing a detailed implementation plan within 18 months, outlining the specific projects that will be executed under the NPC framework.
In summary, Brazil’s approval of the US$247 million investment plan marks a significant step toward sustainable development and reforestation. The collaboration between CIF, BNDES, and the World Bank underscores a commitment to enhance ecological restoration, combat climate change, and support rural communities. The expected environmental and economic benefits highlight the importance of this initiative for Brazil’s ecological and social future.
Original Source: tvbrics.com
