The Prime Minister of the United Kingdom, Rishi Sunak, announced that his country will invest in the Amazon fund. The value is 80 million pounds, or about 500 million Brazilian reals. The Prime Minister stated that the UK’s entry into the fund is recognition of the work and leadership of President Luiz Inacio Lula da Silva in the field of environmental conservation.
Sunak and Lola met on Friday (5th) in London. The President is in the British capital to attend the coronation ceremony of King Charles III, tomorrow (6), at Westminster Abbey.
According to the Presidency of the Republic, Brazil is the fourth country to receive the largest amount of resources from International Climate Finance (ICF), the main British program for financing projects in the field of environment, with resources amounting to 260 million pounds sterling, or about 1 Brazilian real. 4 billion.
In a post on social media, the president wrote that they had a “good conversation” about trade relations between the two countries, environmental protection and world peace. At the beginning of the meeting, in an open conversation with reporters, Lula reaffirmed Brazil’s commitments to the issue of climate and combating deforestation, and said that everyone needs to comply with international agreements signed under the United Nations.
“The poorest countries really need to get help to maintain the status of forests and climate that society needs,” he said of the funding promised by rich nations in international negotiations.
Lula thanked the British Prime Minister for his contribution to the Amazon fund and stated that this was the right time to “try to restore normalcy” in relations between Brazil and the United Kingdom. For the president, there is “enormous potential” to increase trade between the two countries.
Last year, bilateral trade moved to 6.5 billion US dollars, an increase of 15 percent compared to 2021. Brazilian exports to Britain totaled 3.7 billion US dollars, but they accounted for less than 2 percent of the country’s total overseas sales. Imports amounted to 2.8 billion US dollars. And the balance is in favor of Brazil. The areas most invested in the UK are extraction, finance and transportation.
To this day, Lola participates in a reception at Buckingham Palace. The event will be hosted by the king and will bring together dozens of heads of state who are invited to the coronation.
bottom
The Amazon Fund invests in actions to combat deforestation and promote sustainability in the region. Created in 2008, the Amazon Fund is managed by the National Bank for Economic and Social Development (BNDES), and can be seen as a type of credit that other countries give Brazil in return for the good results of its environmental policies.
The Brazilian government has autonomy to decide on the application of the funds, but it relies on the decisions of two bodies: the Amazon Fund Steering Committee (Cofa) and the Amazon Fund Technical Committee (CTFA).
The Brazilian Institute for the Environment and Renewable Natural Resources (IBAMA), military fire departments (in their forest protection programmes) and government environmental agencies are among the institutions funded by the fund. The fund also supports the National Institute for Space Research (Inpe), which is responsible for environmental monitoring by satellite. In addition, state governments may have approved projects. For example, between 2011 and 2017, the Amazon government received R$17.5 million for reforestation in the south of the state, an area under severe pressure from deforestation.
At the end of April, the United States announced a contribution of 500 million US dollars to the Amazon Fund over five years. And US President Joe Biden must still negotiate funding aimed at protecting the environment with the country’s Congress.
“Food fanatic. Organizer. Hipster-friendly tv specialist. Avid reader. Devoted web ninja.”
