Close Menu

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    Wall Street rises after Treasury expands debt buybacks

    August 20, 2026

    MAKTEK Eurasia 2026 to connect MENA buyers with advanced manufacturing

    August 20, 2026

    WHO maps three-month path for Congo Ebola containment

    August 19, 2026
    Facebook X (Twitter) Instagram
    • Home
    • Contact Us
    Constantine PressConstantine Press
    • Automotive
    • Business
    • Entertainment
    • Health
    • Lifestyle
    • Luxury
    • News
    • Sports
    • Technology
    • Travel
    Constantine PressConstantine Press
    Home » $1.1 billion program launched to preserve Amazon rainforest
    News

    $1.1 billion program launched to preserve Amazon rainforest

    March 28, 2024
    Facebook Twitter Pinterest LinkedIn Telegram Tumblr Email

    Brazil and France have initiated a groundbreaking $1.1 billion program aimed at safeguarding the Amazon rainforest, a vital ecological asset. The investment, spanning over the next four years, comprises both public and private funds, with a focus on preserving the Brazilian and Guyanese regions of the Amazon.

    $1.1 billion program launched to preserve Amazon rainforest

    The announcement unfolded during French President Emmanuel Macron’s visit to Brazil, commencing a three-day diplomatic mission. The rendezvous occurred in Belem, strategically situated near the mouth of the Amazon. President Macron was received by his Brazilian counterpart, President Luiz Inacio Lula da Silva, marking a significant collaboration between the two nations.

    In a joint statement, both leaders emphasized their commitment to fostering an international initiative dedicated to the protection of tropical forests. Their collaborative effort aims to combat deforestation in the Amazon by 2030, thereby contributing to global climate mitigation efforts. Notably, this initiative precedes Brazil’s hosting of the COP30 climate negotiations in Belen scheduled for 2025.

    The presidents underscored their dedication to the conservation, restoration, and sustainable management of tropical forests worldwide. They outlined an ambitious agenda, including the development of innovative financial instruments, market mechanisms, and environmental service payment frameworks.

    During the visit, President Macron and President Lula embarked on a symbolic river boat journey to witness sustainable development endeavors firsthand. Their itinerary included a visit to a project focused on chocolate production located on an island near Belem, where they engaged with Indigenous leaders.

    At the event, President Macron conferred the National Order of the Legion of Honor upon Chief Raoni Metuktire, a prominent Indigenous leader and environmental advocate from the Kayapo community. Chief Raoni, renowned for his environmental activism since the 1980s, voiced concerns about the proposed Ferrograo railway project. He highlighted potential adverse impacts on Indigenous communities, urging President Lula to reconsider its construction.

    Despite prior environmental disputes, Franco-Brazilian relations have undergone significant reconciliation since 2019. Tensions peaked during President Jair Bolsonaro’s tenure, particularly amidst international scrutiny over Amazon fires. However, recent diplomatic efforts signify a renewed commitment to bilateral cooperation and the restoration of strategic ties between France and Brazil.

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    Indonesia 6.1 earthquake rattles North Sumatra coast

    August 19, 2026

    DRC Ebola outbreak sets national death toll record

    August 17, 2026

    Total solar eclipse crosses Russian Arctic and Europe

    August 13, 2026

    International Youth Day 2026 puts youth inclusion in focus

    August 13, 2026

    Meta, TikTok lose appeal as youth addiction cases proceed

    August 12, 2026

    China widens flood response after Typhoon Dolphin landfalls

    August 11, 2026
    Latest News

    Wall Street rises after Treasury expands debt buybacks

    August 20, 2026

    U.S. stocks ended modestly higher Wednesday as long-term Treasury yields fell sharply. The S&P 500 rose 16.22 points, or 0.21%, to 7,707.98, ending a three-session losing streak. The Dow Jones Industrial Average gained 119.65 points, or 0.22%, to close at 53,463.05. The Nasdaq Composite added 41.38 points, or 0.16%, finishing at 26,331.09. Falling government bond yields helped major indexes recover after several sessions of pressure from rising borrowing costs. Bond prices climbed after the U.S. Treasury Department announced larger liquidity support buybacks for longer-dated government debt. Starting September 9, the maximum purchase size will increase from $2 billion to at least $4 billion per operation. The change covers nominal coupon securities in the 10-to-20-year and 20-to-30-year maturity sectors. The increased amounts will remain in effect through November 4. The department said strong volumes of high-quality offers supported the decision to increase liquidity operations in those sectors. Treasury yields moved lower following the announcement, reversing part of a recent rise in long-term borrowing costs. The 10-year Treasury yield fell to about 4.65%, while the 30-year yield declined to about 5.20%. Bond yields move inversely to prices, so stronger demand for government debt pushed yields lower. The retreat eased pressure that had accompanied the recent

    WHO maps three-month path for Congo Ebola containment

    August 19, 2026

    Indonesia 6.1 earthquake rattles North Sumatra coast

    August 19, 2026

    DRC malaria cases surpass 26 million in 2025

    August 17, 2026

    DRC Ebola outbreak sets national death toll record

    August 17, 2026

    South Korea auto exports reach $6.24 billion in July

    August 14, 2026

    Total solar eclipse crosses Russian Arctic and Europe

    August 13, 2026

    Etihad sets December start for Abu Dhabi Gothenburg flights

    August 13, 2026
    © 2026 Constantine Press | All Rights Reserved
    • Home
    • Contact Us

    Type above and press Enter to search. Press Esc to cancel.