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Norway fulfills $1 billion commitment to Brazil

Staff writer ▼ | September 18, 2015
Norwegian Minister of Climate and Environment Tine Sundtoft announced that before the global climate change summit in Paris in December, Norway will have fulfilled its 2008-commitment to contribute $1 billion to the Brazilian Amazon Fund.
Brazil Amazon
Brazil   Outstanding results in reducing Amazon deforestation
This is in recognition of Brazil's outstanding results in reducing Amazon deforestation over the last decade.

"The partnership between Brazil and Norway through the Amazon Fund shows intensified support for one of most impressive climate change mitigation actions of the past decades," says United Nations Secretary General Ban Ki-moon.

"This is an outstanding example of the kind of international collaboration we need to ensure the future sustainability of our planet."

In 2008, Norway made a commitment to pay up to 1 billion USD to the Amazon Fund in the period of 2008-2015 if Brazil would reduce deforestation in the Amazon - the world's largest rainforest. During the last decade, Brazil has reduced deforestation in its part of the Amazon by over 75 percent.

*The deforestation figures for the 2014 forest year indicates a reduction in deforestation of almost 75 per cent compared to the Amazon Fund's original reference level, average deforestation in 1996-2005 was 19,559 km2.

Based on these results, the Norwegian Minister of Climate and Environment Tine Sundtoft declared yesterday during her visit in Brazil that Norway within the end of the year will meet its promise to support the Amazon Fund with $1 billion. Brazil's efforts in reducing deforestation in the Amazon are indispensable in the battle to avoid catastrophic climate change.