Biden Administration Pledges $500 Million to the Amazon Fund

May 2, 2023

On April 20, during a meeting of the Major Economies Forum on Energy and Climate (MEF), President Biden pledged $500 million to the Amazon Fund, Brazil’s signature fund set up to raise donations for investments to prevent, monitor and combat deforestation in the Brazilian Amazon region. If approved by Congress, the pledge would make the U.S. the largest donor to the Amazon Fund after Norway, which has already donated more than $1.2 billion.

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