Norway Offer Brazil $1 Billion to Save the Amazon

The prime minister of Norway, Jens Stoltenberg, has announced a donation of $1 Billion by 2015 to the International Fund for the preservation of the Amazon, created in August by Brazilian President Luiz Inácio Lula da Silva.

The Norwegian government has decided to contribute $1 Billion to the Amazon Fund, over the next few years, and payments will begin this year, explained the Norwegian prime minister.

Successive contributions to supplement the $1 Billion will depend on results in reducing Amazon deforestation.

One pre-condition is that will be able to see clearly documented evidence that deforestation is actually being reduced.

Norway believes that to succeed in combating climate change we need to succeed in the fight against global deforestation, which is why they are making the contribution.

The donation, the first from one country to the fund created in August by the Brazilian government, was specified in an agreement signed by Stoltenberg and President Lula during his visit to Brazil.

Brazil created at the Amazon Fund, which expects to harvest $21 Billion in the next 13 years from international donations to help preserve the world’s largest rainforest.

The Norwegian money is the first of such donations.

Brazil has so far managed to make big reductions in deforestation of the Amazon since 2005.