Brazil, the largest country in South America, shares a border with Colombia, Venezuela, Guyana, Suriname, French Guiana, Peru, Bolivia, Paraguay, Argentina, Uruguay, and the Atlantic Ocean. Brazil is vulnerable to floods, landslides, and droughts, which occur regularly. Its susceptibility to natural disasters is due to its location in a tropical region, characterized by high temperatures and high evaporation potential, thereby leading to heavy rainfall. The country’s vulnerability is further exacerbated by its prioritization of agriculture over conservation, thus resulting in deforestation and environmental degradation.
INVESTING IN BRAZIL
CIF’s investment in Brazil is through its Forest Investment Program (FIP). Among the largest and most affected of Brazil’s forests is the Cerrado — 48 percent of which has been converted from a savannah biome to areas for intensive agriculture and cattle ranching over the past 50 years. Insufficient information and monitoring of land use and cover have created pressing challenges for local and Indigenous communities as well as endeavors to preserve valuable natural resources and reduce greenhouse gas (GHG) emissions.
Brazil's $70-million FIP investment plan aims to promote sustainable management and the use of previously anthropized savannah-woods areas, maintain carbon stocks and reduce GHG emissions, as well as improve the collection and management of information on the Cerrado biome.
Through the CIF-TAF, there has been over $ 300,000 programmed for technical assistance activities in 2020. The activites aim to enhance the financial regulatory framework for promoting energy efficiency adn distributed generation investments through green finance innovation laboratories.
Brazil Projects
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Climate action and development are inextricably linked. This link has been confirmed by a new independent evaluation that assesses and analyzes how climate finance programs can lead to broader social, economic, environmental, and market development impacts.
May 03, 2023
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