The UAE has committed $40 million through Erth Zayed Philanthropies to support environmental initiatives in Brazil, focusing on ecosystem restoration, plastic waste reduction, and sustainable agriculture. The commitment includes backing the Tropical Forests Forever Facility to combat deforestation, announced at the G20 summit following discussions between Brazilian and UAE leaders.
The Emirates’ Erth Zayed Philanthropies has pledged a substantial investment of $40 million to support environmental initiatives in Brazil. This commitment aims to address pressing ecological issues by funding projects focused on ecosystem restoration, plastic waste elimination within the Amazon, and the promotion of sustainable agricultural practices. Furthermore, the organization will bolster the Tropical Forests Forever Facility (TFFF), which was inaugurated by Brazil in 2023 to safeguard tropical forests and mitigate deforestation efforts.
The announcement of this funding commitment was made during the G20 summit in November, following a strategic meeting between Brazilian President Luiz Inacio Lula da Silva and Abu Dhabi’s Crown Prince, Sheikh Khaled bin Mohamed Al Nahyan. Erth Zayed Philanthropies, which was established in October, serves as a platform for the UAE to engage in charitable investments across various sectors, including environmental sustainability, health, and education. This initiative aligns with global biodiversity goals and reinforces the UAE’s commitment to climate action on an international scale.
In summary, the UAE’s $40 million investment into Brazilian environmental initiatives represents a significant step towards advancing sustainable development and combating ecological challenges. The support for the TFFF and various local projects underscores a commitment to conserving biodiversity and promoting environmental sustainability. As the global community grapples with climate change, such partnerships are vital in fostering sustainable practices and restoring natural ecosystems.
Original Source: www.argusmedia.com
