MANAUS, Brazil--(BUSINESS WIRE)--Today, on the margins of the G20, a group of public and private sector leaders launched the Brazil Restoration & Bioeconomy Finance Coalition (BRB Finance Coalition) to accelerate the conservation and restoration of Brazil’s forests, with a targeted, aggregate investment of at least $10 billion by 2030 among all Coalition members.
President Biden announced the launch of the Coalition in Manaus, in the Brazilian state of Amazonas, as part of the historic first visit of a United States President to the Amazon region, where he called for ambitious action and new approaches to protect the Amazon while building a thriving green economy, and highlighting the Coalition as a signal of a growing recognition of the need for new partnerships to accelerate climate finance and investment.
Founding members include Agni, Banco do Brasil, BNDES, Biomas, BTG Pactual, Conservation International, the U.S. International Development Finance Corporation, IDB Invest, Instituto Arapyaú, Instituto Clima e Sociedade, Instituto Itaúsa, Mombak, The Nature Conservancy, Regia Capital, re.green, the World Bank Group, and the World Economic Forum.
...
Read the full news release here
