oh UK This Saturday, 2 announced that it will add about 215 million reais to this donation Amazon Finance. The announcement was made by UK Energy Security Minister Claire Coutinho at a meeting with Brazil’s Environment and Climate Change Minister Marina at the 2023 United Nations Conference on Climate Change (COP28) in Dubai, United Arab Emirates. Silva, and the president of the Bank for Economic and Social Development (BNDES) Aloysio Mercatante.
The signing of the 500 million reais donation agreement to the Amazon Fund was announced in May by British Prime Minister Rishi Sunak during President Lula’s visit to the United Kingdom on the occasion of the coronation of King Charles III. Since its establishment, the fund has received 3.4 billion rais and has financed more than 102 projects and has invested a total of 1.75 billion rais to improve sustainable operations in the Amazon. Countries like Norway, Germany, USA, Switzerland and now the UK are donors.
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In 2019, during the government of Jair Bolsonaro, then Environment Minister Ricardo Salles shut down two groups responsible for managing the resources of the Amazon Fund, making project financing and continuity of donations impossible. The existence of these groups is a contractual condition of the donors, which prevents the money from being used for other purposes. According to data from BNDES, between 2019 and 2022 Brazil stopped investing about 3 billion reais in environmental activities, which was retained in the fund even after the steering committees were dissolved.
In October 2022, the Federal Supreme Court (STF) ordered the union to take necessary steps to reinstate the Amazon fund. At the time, most of the ministerial committees concluded that extinction was unconstitutional because it would constitute a government failure in its duty to protect the Amazon. Re-established by President Lula by decree on January 1, 2023, the committees resumed their activities, allowing for new resource contributions.
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