Home News Business Brazilian government guarantees R$ 477 million for the Amazon conservation

Brazilian government guarantees R$ 477 million for the Amazon conservation

The Amazon Protected Areas Program (ARPA) will receive R$ 477 million (US$ 215 million), to be deposited into a fund that will ensure the transition for the next 25 years, the funding of 60 million hectares of Conservation Units (UCs ) supported by ARPA. “Proceeds from this fund will be invested in conservation, so we have a permanent asset”, explained the Minister of Environment, Izabella Teixeira, during the formalization of this new financial strategy, signed on Wednesday (21/05), in Brasilia. During this period, the Brazilian government will assume gradually the funds restoration, up to 100% of its funding.

With the deal, the ARPA starts a new phase in order to ensure the sustainability of the Amazon Conservation Units in long way. The financing strategy is the result of the “Commitment to the Amazon – ARPA for Life” launched in 2012, during the UN Conference on Sustainable Development (Rio +20). The project represents an innovative effort to ensure the sustainability of the UCs program, covering 15% of the Brazilian Amazon. “Brazil created more protected areas than anyone in this planet. The challenge is to protect and conserve, producing in sustainably ways”, said Izabella Teixeira.

Launched in 2002, the program was created with the purpose of expanding and strengthening the National System of Conservation Units (SNUC) in the Amazon, to protect 60 million hectares, ensuring financial resources for the management of these areas, in short and long term, and promote sustainable development of the region.

ARPA is a federal program, coordinated by the Ministry of Environment (MMA), financially managed by the Brazilian Biodiversity Fund (FUNBIO) whose Phase II (2010-2015) is funded by the GEF, through the World Bank; Government of Germany through the German Development Bank (KfW); WWF from WWF Brazil; and the Amazon Fund, managed by the National Bank for Economic and Social Development (BNDES).

Source: MMA