Major news for global climate action: President Biden has announced the $10 billion Brazil Restoration & Bioeconomy Finance Coalition (BRB Finance Coalition) during his landmark visit to Manaus, Brazil. This initiative exemplifies the transformative power of cross-sector partnerships, blended finance, and innovative thinking. By restoring nearly 75 million acres of forest, protecting biodiversity, and fostering a thriving bioeconomy, this coalition proves that the ambition to protect nature is matched by a growing willingness to invest in it. Protecting and restoring nature isn’t just about conservation—it’s about unlocking nature's potential to drive economic opportunity, stabilize our climate, and secure the well-being of future generations. The future of the Amazon—and our planet—depends on this kind of bold thinking and action.
JUST ANNOUNCED FROM #G20: A group of public and private sector leaders, including Conservation International, launch the Brazil Restoration & Bioeconomy Finance Coalition (BRB Finance Coalition) to accelerate the conservation and restoration of Brazil’s forests, with a targeted investment of at least $10 billion by 2030. The Coalition expects to support projects with the aim of conserving and restoring at least 5 million hectares of Brazilian forests, contributing to Brazil's efforts to halt and reverse deforestation. Goals also include launching projects by 2030 that will help to sequester at least 1 gigaton of CO2 & investing $500 million in initiatives benefiting Indigenous Peoples and local communities, with a focus on the vital Amazon region. “The Amazon functions as our planet’s central nervous system — regulating global weather patterns, impacting the supply of food and freshwater, and safeguarding an extraordinary diversity of life on Earth. Protecting its health is protecting our own…The future of our economies, our communities, & our planet depend on initiatives like this. Conservation International looks forward to putting the full force of our weight behind its success," said Chief Strategy Officer Patricia Zurita LEARN MORE: https://lnkd.in/e-YgKHuf
CEO at U.S. Green Chamber of Commerce ♦ Triple Bottom Line ♦ Sustainability ♦ Leadership
1moGood news... thank you M Sanjayan .