Brazil will overhaul rules for selecting projects to reduce deforestation suppor...
SAO PAULO - Brazil will overhaul rules for selecting projects to reduce deforestation supported by the Amazon Fund, which is financed by Norway and Germany, after discovering irregularities in spending, Environment Minister Ricardo Salles said on Friday.
Salles, a climate change skeptic, told reporters he and BNDES had agreed that the governance and rules for awards must be changed to better direct spending. “Norway is satisfied with the robust governance structure of the Amazon Fund and the significant results that the entities supported by the Fund have achieved in the last 10 years,” it said in a statement.The fund supports Brazil’s environmental agency Ibama in its efforts to go after illegal loggers in the world’s largest rainforest, which scientists see as vital to fight climate change because it absorbs vast amounts of carbon dioxide.
President Jair Bolsonaro has said he wants to open the Amazon region to commercial agriculture and mining.
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