Top Posts
FG says desertification has disrupted livelihoods of over...
UN agency says deadly floods show need for...
NOA sensitises on climate change impact
UN climate change director calls for urgent action...
Environmental activist dismisses CoP meetings on climate change...
Trump administration says it won’t publish major climate...
Climate change: Stakeholders demand action on land use,...
Report: Climate change threatening global data centres
IMF warns climate change may deepen Nigeria’s debt...
Report: Death toll of European Heatwave 3 times...
EcoNai Newsroom
  • Newsround
  • Nigeria
  • Africa
  • World
World

Germany pledges millions to help Brazil protect Amazon rainforest

by Segun Ogunlade January 31, 2023
written by Segun Ogunlade January 31, 2023
621

Germany has pledged to help defend the Amazon rainforest after years of serious devastation under Brazil’s former far-right Brazilian President Jair Bolsonaro.

The announcement was made at a news conference in Brasilia on Monday, where German Development Minister Svenja Schulze said his country would make $38m available for the Amazon Fund, an international mechanism largely funded by Norway that aims to prevent deforestation.

Recall that Germany and Norway freeze their donations in 2019, following Bolsonaro’s decision to dissolve the steering committee that selects sustainable projects to finance. However, the German minister said that Brazil’s new government offers a ‘great chance’ to protect rainforests after widespread destruction.

Read also: BP Plc says Ukraine war to hasten the transition to clean energy

“With the new government and the team of [Brazil’s] President Luiz Inacio Lula da Silva and [environment] Minister Marina Silva, we have a great chance to protect the forest and to offer a new perspective to the people who live there,” Schulze was quoted to have said regarding the new funding.

Apart from the funds to defend the Amazon rainforest, Germany also pledged to provide $87m in low-interest loans for farmers to restore degraded areas and $34m for Brazilian states in the Amazon region to protect the rainforest.

“Despite all the difficulties, the increase in deforestation, the land grabbing, the fires, the dire state of the Indigenous populations, we see this as an opportunity to reverse this whole situation,” Brazil’s president, Lula was quoted to have said during the news conference.

Following his re-election in October 2022, Lula pledged to fight for “zero deforestation” in the Amazon, as deforestation in the Brazilian section of the rainforest rose 150 per cent in December from the previous year, according to government figures, to 218.4sq km (84.3sq miles) of destroyed forest cover.

This new fund, if properly managed, will go a long way in ensuring that the Amazon remains protected as the rainforest is critical to the global fight against climate change.

Story was adapted from Al Jazeera.

AmazonBrazilGermanyMillionPledgeProtection
0 comment 0 FacebookTwitterPinterestEmail
admineconai

previous post
BP Plc says Ukraine war to hasten transition to clean energy
next post
Ex-IMF chief economist says global carbon tax critical to tackle climate threat

Related Posts

UN agency says deadly floods show need for...

July 22, 2025

UN climate change director calls for urgent action...

July 18, 2025

Environmental activist dismisses CoP meetings on climate change...

July 18, 2025

Trump administration says it won’t publish major climate...

July 18, 2025

Report: Climate change threatening global data centres

July 14, 2025

Report: Death toll of European Heatwave 3 times...

July 9, 2025

Japanese Island evacuates residents after relentless earthquake

July 7, 2025

5.2 Magnitude Earthquake Shakes Costa Rica’s Pacific Coast

July 7, 2025

Trump shuts down U.S. website on climate change

July 7, 2025

Report: Absa’s Mauritius Unit to Nearly Quadruple Green...

June 30, 2025

Leave a Comment Cancel Reply

Save my name, email, and website in this browser for the next time I comment.

Newsletter

Subscribe my Newsletter for new blog posts, tips & new photos. Let's stay updated!

  • Facebook
  • Twitter
  • Instagram
  • Linkedin
  • Bloglovin
  • Vimeo

@2021 - All Right Reserved. Designed and Developed by Eco-Nai+

EcoNai Newsroom
  • Newsround
  • Nigeria
  • Africa
  • World