Tuesday
November 19
2024

Global Coalition Pledges $10 Billion for Brazilian Forest Restoration and Conservation

In an important development for global climate action, President Biden announced the formation of a $10 billion Brazilian forest restoration program. The Brazil Restoration & Bioeconomy Finance Coalition (BRB Finance Coalition) was announced during his landmark visit to Manaus, Brazil, on November 17, 2024. The Brazilian forest restoration program announcement marks the first time a United States President has visited the Amazon region, the historic visit highlighting the increasing urgency of forest conservation efforts.

Photo courtesy of Ryk Porras.

Source: Happy Eco News (link opens in a new window)

Categories
Environment, Technology
Tags
climate change, climate finance, forests, human rights, impact bonds, public-private partnerships