Brazil has received a $247 million investment for reforestation and sustainable development in the Amazon and Cerrado, with funding from CIF, BNDES, and the World Bank. The plan aims to restore 54,000 hectares of forest, cut CO2 emissions by 7.75 million tonnes, and generate up to 21,000 jobs over the next 18 months.
Brazil has secured a $247 million investment plan to promote reforestation and enhance the use of nature-based solutions in the Amazon and Cerrado regions. This initiative, approved by the Climate Investment Funds (CIF), focuses on facilitating restoration projects and fostering sustainable development, as announced on the Brazilian Government’s official website.
The $247 million investment plan earmarked for Brazil demonstrates a significant commitment to reforestation and sustainable development. With substantial funding from various sources, it aims not only to restore significant forest areas and reduce carbon emissions but also to create thousands of jobs, thereby enhancing local livelihoods. Brazil’s next steps will involve developing a detailed implementation plan over the next 18 months.
Original Source: www.dailynewsegypt.com
