In a landmark announcement, Brazil and France have revealed a joint initiative to safeguard the Amazon rainforest, pledging €1 billion ($1.08 billion) in funding over the next four years.
French President Emmanuel Macron’s visit to the Brazilian city of Belem marked the occasion, where discussions with Brazilian counterpart Luiz Inacio Lula da Silva took place.
Belem, situated at the mouth of the Amazon River in Para state, will host the COP30 climate summit in 2025.
The comprehensive investment plan, outlined by the French presidency, aims to secure both public and private investment in the bio-economy of the Brazilian and Guyanese Amazon regions.
Central to the proposal is the establishment of a “carbon market” to incentivize nations investing in natural carbon sinks, leveraging the critical role of the Amazon rainforest in mitigating CO2 emissions.
Acknowledging the vital role of indigenous communities in conservation efforts, both nations have committed to supporting these groups.
During Macron’s visit, Raoni Metuktire, a prominent leader of the Indigenous Kayapo people, was honored with France’s Legion of Honor for his tireless advocacy in preserving the Amazon and indigenous culture.
While bilateral relations have seen improvement under Lula’s presidency, lingering disagreements remain, notably regarding the EU-Mercosur free-trade agreement and differing stances on Russia’s actions in Ukraine.
Despite these challenges, the collaboration between France and Brazil extends beyond environmental efforts, including joint submarine manufacturing projects.
As Macron’s visit continues, attention remains on fostering cooperation and addressing contentious issues in the spirit of global partnership.
