Norway has not invested in the Amazon fund since 2018. “Let's be honest. We have put behind us some difficult years, with a pause in Amazon Fund payments since 2018. Now, recognizing the results of Brazil's strong ambitions, I am very pleased to announce that we will start again “said Eriksen.
The panel marked the celebration of the 15th anniversary of the Amazon Fund. The initiative is jointly managed by the BNDES (National Bank for Economic and Social Development) and the Ministry of the Environment.
The contribution is a “vote of trust,” said the Social and Environmental Director of the BNDES, Tereza Campello. “This announcement renews Norway's commitments and is a demonstration of confidence that with the Lula government we will resume the fight against deforestation after four years in which the Amazon Fund was paralyzed,” he said.
The Amazon Fund also received additional donations
According to Norway's announcement, the amount is around R$1.1 billion. The Amazon Fund also received an additional contribution of R$215 million from the United Kingdom during the summit. Contributions from the European Union (R$110 million) and Denmark (R$105 million) were also announced this year. In 2023, the fund also received R$110 million from the German government and signed a contract for the contribution of around R$500 million from the British government, in addition to R$30 million from the Swiss government and R$15 million from the United States . .
The year 2023 was characterized by the restructuring of the Amazon Fund and its operational and institutional structures. There was a recasting of the Decree establishing the Fund and defining its governance, the recomposition of the COFA (Steering Committee) and the review of the Action Plan for the Prevention and Control of Deforestation in the Legal Amazon (PPCDAm) as well as the guidelines and the focus of the Biennale the bottom.