Newsletter Newsletters Events Events Podcasts Videos Africanews
Loader
Advertisement

Brazil's top court set to rule in favor of Amazon Fund revival

Brazil's top court set to rule in favor of Amazon Fund revival
Brazil's top court set to rule in favor of Amazon Fund revival Copyright  Thomson Reuters 2022
Copyright Thomson Reuters 2022
By Reuters
Published on
Share Comments
Share Close Button

BRASILIA - Brazil's Supreme Court is set to demand that the government reactivate a billion-dollar international fund aimed at protecting the Amazon rainforest as the nation faces rampant deforestation, according to a court statement on Thursday.

ADVERTISEMENT
ADVERTISEMENT

A majority of the top court's justices decided that the government must take steps within 60 days to reactivate the Amazon Fund, frozen in 2019 when the President Jair Bolsonaro's administration decided to change its governance structure.

Norway paid $1.2 billion into the fund between 2008 and 2018, resources that were intended to finance sustainability projects and help reduce deforestation in the world's largest rainforest. Germany also donated more than $68 million.

The fund was frozen after Bolsonaro took office in 2019 and weakened environmental protection measures in the Amazon, arguing that commercial farming and mining were needed in the region to reduce poverty. Deforestation has surged since then, driven by illegal logging and gold mining.

Seven of the judges on the 11-member court determined that changes made to the governance format of the fund were unconstitutional and they ruled that the previous model should be reinstated, according to a statement on the court's website.

The case will continue to be heard on Nov. 3, when a final ruling is expected.

The government did not immediately respond to a request for comment.

Go to accessibility shortcuts
Share Comments

Read more

Trump says 'everything's been knocked out' in Iran but offers no clear plan for war

Trump lashes out at Spain, says he is 'going to cut off all trade'

Macron orders first evacuations of citizens as France boosts defences in the Middle East