Norway pledges US$180M to Brazil to slow deforestation in Amazon, part of broader funding of US$1B each to Brazil and Indonesia to protect tropical rainforests

OSLO , December 6, 2012 () –
Norway has agreed to give $180 million to Brazil as part of a broader $1 billion deal for slowing deforestation in the Amazon rainforest, Oslo's environment minister said on Thursday.
Norway has promised $1 billion each to Brazil and Indonesia for protecting their tropical rainforests and warned Jakarta earlier this year that its progress in reforming its forestry sector will not be sufficient to meet its pledge to reduce carbon emissions by 26 percent by 2020.


Deforestation in Brazil fell to the lowest level in 24 years in 2012, its government said, and Thursday's agreement brings Norway's total contribution to the Amazon Fund to $670 million.

"These efforts have tremendous positive effects for biodiversity, the livelihoods of local communities and indigenous peoples, and local and global rainfall patterns," Baard Vegar Solhjell Norway's environment minister said.

"The importance of what Brazil has achieved on deforestation over the last few years can hardly be overestimated," he said in a statement.

Norway, one of the richest countries in the world with per capita GDP over $100,000 is also one of the most charitable nations, spending around 1 percent of its gross national income on international aid.

In 2011, it spent $4.9 billion on foreign aid, with money going to more than 100 countries in Central and South America, Africa, and Asia.

(Reporting by Balazs Koranyi; Editing by Jon Hemming)

* All content is copyrighted by Industry Intelligence, or the original respective author or source. You may not recirculate, redistrubte or publish the analysis and presentation included in the service without Industry Intelligence's prior written consent. Please review our terms of use.