Brazil has received a US$247 million investment plan approved by CIF for reforestation and nature-based solutions, focusing on the Amazon and Cerrado regions. The funding includes contributions from the CIF, BNDES, and the World Bank and aims to restore ecosystems, reduce emissions, and create jobs.
Brazil has secured approval for a substantial US$247 million investment plan aimed at promoting reforestation and the adoption of nature-based solutions. This plan, sanctioned by the Climate Investment Funds (CIF), will specifically finance restoration projects in critical ecological regions, namely the Amazon and Cerrado. The details were announced on the Brazilian Government’s official website.
The approved US$247 million investment will bolster Brazil’s reforestation efforts and support sustainable development through nature-based solutions. With contributions from the CIF, BNDES, and the World Bank, the plan aims to restore 54,000 hectares, reduce emissions by 7.75 million tonnes, and create thousands of jobs, emphasizing the pivotal role of nature in combating climate change.
Original Source: tvbrics.com