The Amazonia Fund

Created in 2008 by Decree No. 6.527 in order to guarantee the continuity of efforts in Brazil to voluntarily reduce the emission of greenhouse gases resulting from deforestation and forest degradation (REDD), as provided for in the United Nations Framework Convention on Climate Change and currently being implemented. The resources for the Fund will be made up exclusively of donations, with a potential estimated contribution of US$ 1 billion for its first year to be generated by the BNDES (National Bank of Economic and Social Development). At least 80% of the Fund’s investments are reserved for the Amazon Region and up to 20% may be invested in the monitoring of deforestation and in systems of control for other biomasses in Brazil and other tropical countries. In 2009 the first round of projects was approved that will receive resources from this Fund.

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Source: Ministry of the Environment, September of 2010.