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Brazil Restoration & Bioeconomy Finance Coalition Launched to Mobilize $10 Billion for Forest Conservation and Bioeconomy by 2030
Contract Type
partnership
AmazonasFinancial ServicesLendingNon ProfitGovernmentDescription
The Brazil Restoration & Bioeconomy Finance Coalition (BRB Finance Coalition) was launched on the margins of the G20 to mobilize at least $10 billion by 2030 for the conservation and restoration of Brazil’s forests. Founding members include various organizations, and the coalition aims to support projects to conserve and restore at least 5 million hectares of Brazilian forests. Its goals also include launching projects by 2030 to sequester at least 1 gigaton of CO2 emissions and investing $500 million in initiatives benefiting Indigenous peoples and local communities, with a focus on the Amazon region.