The Norwegian government has fulfilled its billion dollar commitment to Brazil for the South American country’s success in reducing deforestation in the Amazon rainforest.
In a statement issued Wednesday, Norway announced it would complete payment to Brazil’s Amazon Fund by the end of the year. Norwegian Minister of Climate and Environment Tine Sundtoft commended Brazil’s progress and said it has become a model for efforts to combat climate change.
“Brazil’s achievements in reducing deforestation in the Amazon are truly impressive. The benefits for the global climate, for biodiversity and vital ecosystem services, as well as for the people living in and off the Amazon, are immeasurable,” Sundtoft said in a statement. “Through the Amazon Fund, Brazil has established what has become a model for other national climate change funds. We are proud to be partnering with Brazil in this effort.”
Her sentiments were echoed by United Nations Secretary General Ban Ki-moon.
Norway’s pledge, signed in 2008, was the largest of several similar commitments made by the Nordic country. It was later matched by a billion dollar agreement with Indonesia, which has struggled to keep pace with Brazil in terms of reducing deforestation.
Annual deforestation in the Brazilian Amazon plunged more than 75 percent over the past decade. Better monitoring and law enforcement, coupled with private sector initiatives under pressure from civil society groups, have been credited for much of the decline.
But while the decrease in the Amazon has been welcomed, there are concerns that some of the progress has come at the expense of other native ecosystems like the woody grassland known as the cerrado and drier forests called the caatinga.
Nonetheless, Brazil’s reduction in deforestation represents the single biggest emissions cut in the past decade, amounting to 3.2 billion tons of carbon dioxide emissions, equal to the savings that would have been achieved by taking all cars off American roads for three years.
Rainforest Conservation News via: http://news.mongabay.com/2015/09/norway-pays-brazil-1b-to-fulfill-pledge-for-curbing-deforestation/