Amazon Fund receives R$45 million in donations from Switzerland and the USA

What is the Amazon Fund?

The Federal Supreme Court (STF) began judging this Thursday (6) an action that alleges the federal government's omission in not executing the Amazon Fund funds. But do you know what the Amazon Fund is? And why is he on trial at the STF?

With these donations, the USA and Switzerland join Norway, Germany and Petrobras in Amazon Fund, which is described by BNDES as the “largest instrument for reducing emissions resulting from deforestation and forest degradation (REDD+) in the world”. The amounts are added to the R$3,4 billion already received by the Fund since its creation in 2008.

Amazon Fund receives donations from Switzerland and the United Stateshttps://t.co/hLzmW20aXi

— Folha de S.Paulo (@folha) October 4, 2023

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