. Earth Science News .
Brazil launches international fund to preserve Amazon

by Staff Writers
Rio De Janeiro (AFP) Aug 1, 2008
Brazil on Friday created an international fund to fight deforestation of the Amazon and is accepting contributions to help preserve the world's largest rainforest.

Brazilian President Luiz Inacio Lula da Silva signed a decree here creating the Amazon Fund, designed to receive up to 21 billion dollars in contributions over the next 13 years.

Donations will be administered and projects monitored by a state bank, the National Economic and Social Development Banks (BNDES).

The fund will also finance conservation and durable development projects proposed by the environment ministry, officials said.

The limit for contributions in the first year has been set at one billion dollars.

Norway will be the first donor to step up, pledging 100 million dollars in September, Environment Minister Carlos Minc said.

BNDES environment director Eduardo de Mello told reporters donors would not receive any benefits in return for their contributions such as tax exemptions or carbon credits.

"Donations are voluntary and donors have no say over the use of the resources," he said.

That comment reflected Brazil's stance that it is best-placed to manage conservation of the Amazon, despite criticism from some environmental groups that its efforts are falling short and foreign involvement might help.

De Mello added that other countries, companies and banks have shown interest in the fund.

Up to 20 percent of the fund's cash can go to preserving Brazilian ecosystems outside the Amazon, and even in other tropical countries.

Community
Email This Article
Comment On This Article

Share This Article With Planet Earth
del.icio.usdel.icio.us DiggDigg RedditReddit
YahooMyWebYahooMyWeb GoogleGoogle FacebookFacebook



Related Links
Forestry News - Global and Local News, Science and Application



Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News


Cyprus probes serial tree killings
Nicosia (AFP) July 30, 2008
A Cypriot businessman and his brother appeared in court on Wednesday on suspicion they destroyed scores of pine trees because they were obstructing the view of advertising billboards.







  • Teacher sent to labour camp for China quake photos
  • Over 600,000 evacuated as tropical storm hits China: reports
  • China insurers expect 1.5 bln dlrs in snow, quake claims: officials
  • Japanese say careful preparations saved them from quake

  • SAfrica's ambitious climate change strategy may include carbon tax
  • China's Export Trade Impacts Climate
  • Japan adopts action plan against global warming
  • Climate Change In The USA To Cost Billions

  • Space Technology Offers Surprising Solution To Oil Spills
  • Ocean Surface Topography Mission/Jason 2 Begins Mapping Oceans
  • Thales Alenia Space Selects By e2v Sensore For Sentinel 3
  • GOCE Begins Its Journey To Launch Site

  • Oil prices jump on renewed Iran jitters
  • Japan's Toyota unveils next-generation scooter
  • Quantum Ships Carbon Composite Hydrogen Storage To Japan
  • Analysis: Turkmenistan and Gazprom

  • AIDS council of war set to open
  • Potential New Drug Target To Fight Tuberculosis Identified
  • US triples AIDS, malaria, TB funds for poorest countries
  • Eighty percent of HIV-positive Kenyans unaware of status: survey

  • Life In A Bubble
  • Ancient Footprints In The Salt
  • European Birds Flock To Warming Britain
  • Is It Too Late To Save The Great Migrations

  • Mussels Aid In Analysis Of Port Pollution
  • Japanese plan world's largest cleanup
  • Air Quality Forecasts For China
  • Air Pollution Is Causing Widespread And Serious Impacts To Ecosystems

  • Gaining Advantages From Childhood Experience
  • Chicken And Chips Theory of Pacific Migration
  • China allows quake-hit families to have more children
  • Outdoor Enthusiasts Scaring Off Native Carnivores In Parks

  • The content herein, unless otherwise known to be public domain, are Copyright 1995-2007 - SpaceDaily.AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by SpaceDaily on any Web page published or hosted by SpaceDaily. Privacy Statement