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Reuters
Reuters
Business

Norway says fund to reduce Amazon deforestation in Brazil back in business

Luiz Inacio Lula da Silva Deforestation Brazil Amazon Norway Amazon Fund Jair Bolsonaro
FILE PHOTO: An aerial view shows deforestation near a forest on the border between Amazonia and Cerrado in Nova Xavantina, Mato Grosso state, Brazil July 28, 2021. Picture taken July 28, 2021 with a drone. REUTERS/Amanda Perobelli/

Norway, the major donor to the Amazon Fund, said the initiative for backing forest protection had been re-activated now that Brazilian President Luiz Inacio Lula da Silva was back in office and vowing to halt deforestation.

"Brazil's new President has signaled a clear ambition to stop deforestation by 2030," Norwegian Minister of Climate and Environment Espen Barth Eide said in a statement on Monday announcing revival of the fund, which is aimed at fighting removal of vegetation in the Amazon.

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