11/17/2024 | Press release | Distributed by Public on 11/18/2024 01:27
At the G20 summit in Rio de Janeiro, Brazil, President Biden announced that USAID will commit nearly $40 million to strengthen protection of the Brazilian Legal Amazon, including by launching a suite of new activities to accelerate the bioeconomy and catalyze further funding from U.S. philanthropies and the private sector.
The new initiatives will support more than 42 million hectares of Protected Areas - an area the size of California - including Conservation Units and 104 Indigenous lands, with efforts in all nine states of the Brazilian Amazon. Activities will reinforce forest fire management, support uptake of regenerative agriculture in areas at high risk of deforestation, improve territorial management for Indigenous communities, and strengthen bioeconomy value chains to ensure economic development and forest conservation go hand-in-hand.
This work builds on more than 30 years of partnership between the United States, the Government of Brazil, and civil society and private sector partners to protect the Amazon rainforest and support the people of Brazil.