Amazon Fund for Forest Conservation and Climate Protection
Project description
Title: Amazon Fund for Forest Conservation and Climate Protection
Commissioned by: German Federal Ministry for Economic Cooperation and Development (BMZ)
Co-funded by: Ministry of Foreign Affairs of Norway
Country: Brazil
Lead executing agency: Banco Nacional de Desenvolvimento Econômico e Social (BNDES)
Overall term: 2016 to 2023
Context
After significant decrease since 2004, from 2012 onwards, deforestation has risen again. After significant increases in 2019 and 2020, the deforestation rate increased once again in 2021 by 22 per cent to 13.235 square kilometres (preliminary data). The value corresponds to the largest loss of forest area since 2006.
The Amazon Fund is a pioneering climate financing initiative for REDD+ (Reducing Emissions from Deforestation and Forest Degradation and the role of conservation, sustainable management of forests and enhancement of forest carbon stocks in developing countries). It provides funding for measures to prevent, control and combat deforestation and for the conservation and sustainable use of resources in the Brazilian Amazon.
The Fund was launched by the Brazilian government in 2008. Managed by the Brazilian Development Bank (BNDES), the Amazon Fund has raised about 1.3 billion US dollars based on the achievements in reducing deforestation in the Brazilian Amazon. In association with the benefit sharing provided by REDD+ and with a portfolio totalling more than 100 projects, this contribution was used in different intervention areas defined by the Action Plan for Prevention and Control of Deforestation in the Legal Amazon (PPCDAm).: The ownership of the Fund and the responsibility for its results lie entirely on Brazil.
Objective
Compliance with national and international commitments on sustainable development and the mitigation of deforestation is improved.
Approach
The project is active in the following intervention areas of the PPCDAm:
- Territorial and Land Planning,
- Deforestation Monitoring and Control: pp to 20 per cent of the funding will be allocated to develop systems to monitor and control deforestation across Brazil and in other tropical forest countries.
- Promotion of Sustainable Productive Activities
- Science, Innovation and Economic Instruments in the Amazon
Last update: Februar 2022
