UK Commits Additional €35 Million to Brazil’s Amazon Fund
The National Forest in the Carajas mountain range near Parauapebas, Para state, Brazil.
Photographer: Dado Galdieri/BloombergThis article is for subscribers only.
The UK committed an additional €35 million ($38.1 million) to Brazil’s Amazon Fund, an international conservation initiative aimed at ending deforestation in the world’s largest rainforest by 2030.
The UK will also transfer €80 million to Brazil’s development bank, BNDES, fulfilling a commitment made in May by Prime Minister Rishi Sunak when President Luiz Inacio Lula da Silva was visiting London, according to a statement Saturday at the COP28 conference in Dubai.