What is the Amazon Fund?
O Amazon Fund consists of a mechanism, proposed by the Brazilian government during the 2007 United Nations Conference on Climate Change (COP-13), which seeks raise voluntary contributions to reduce greenhouse gas emissions resulting from deforestation and forest degradation.
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The Amazon Fund, created on August 1, 2008 by Decree No. 6.527, has as its main objective the fundraising for projects in actions to prevent, monitor and combat deforestation and promote conservation and sustainable use in the Amazon biome. In addition, up to 20% of the Fund's resources may be used to develop systems for monitoring and controlling deforestation in other Brazilian biomes, as well as in other tropical countries.
Projects submitted to the Amazon Fund will be non refundable, that is, without return of resources and non-profit, must observe the following thematic areas:
- management of public forests and protected areas;
- environmental control, monitoring and inspection;
- sustainable forest management;
- economic activities developed from the sustainable use of vegetation;
- ecological and economic zoning, territorial planning and land regularization;
- conservation and sustainable use of biodiversity; It is
- recovery of deforested areas. (Source: BNDES)
Who manages the resources?
The collection of resources donated to the Amazon Fund is carried out by the National Bank for Economic and Social Development (BNDES), which also acts as its manager.
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Who can donate?
Voluntary donations can be made by any company, multilateral institution, non-governmental organization and governments.
Upon receiving a donation, BNDES issues nominal and non-transferable diplomas, recognizing the contribution of donors. On March 25, 2009, the Amazon Fund received its first donation of US$110 million from Norway.
What is being discussed in the STF?
The Amazon Fund has been at a standstill since April 2019, when the Bolsonaro government abolished the collegial Guidance Committee (COFA) and the Technical Committee (CTFA), which formed the basis of the Fund.
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One of the Direct Action for Unconstitutionality by Omission (ADO) was presented by opposition parties – PSB, PSOL, PT and Rede –, under the argument of lack of action by the Union regarding the “adoption of administrative measures” to suspend the shutdown of the Amazon Fund.
The action was filed against the lack of allocation of funds for the adoption of policies to protect the Legal Amazon area. The issue was the subject of discussion at a public hearing held in October 2020 with several representatives from the government and civil society institutions.
According to the parties, the Union is failing to provide R$ 1,5 billion, already in account, which legally should be allocated to finance preservation projects in the Legal Amazon.
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The rapporteur of the process is Minister Rosa Weber. In this Thursday's session (6), interested parties presented their statements to the Court. A The trial's continuation date, for the ministers' vote, has yet to be defined.
Curto Curatorship:
- What is the Amazon Fund? (Super interesting)
- Projects linked to the Amazon Fund are at risk of running out of resources (FSP)🚥
- STF begins judging transfers to the Amazon Fund (Agency Brazil)
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