Commitment at COP28 guarantees 2 billion dollars by 2030 for Pan-Amazon

Commitment at COP28 guarantees 2 billion dollars by 2030 for Pan-Amazon

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More than R$ 9.7 billion, or approximately 2 billion dollars at current prices, are investments planned by the Development Bank of Latin America and the Caribbean (CAF) until 2030 in the Pan-Amazon. The commitment was made in the panel “Somos Amazonía, Somos Solución”, which included the participation of the Network of Solutions for the Sustainable Development of the Amazon (SDSN Amazônia), which is secretariated by the Sustainable Amazon Foundation (FAS), this Wednesday (6 ), at the 28th United Nations Climate Change Conference (COP28), in Dubai, United Arab Emirates.

The panel brought together representatives from the Agencia Presidencial de Cooperación Internacional de Colombia (APC Colombia), Fundación Pachamama Ecuador, Chapra nation, Nature Bonds/The Nature Conservancy (TNC) and Hope.

In total, there are 17 strategic partners chosen by CAF to help with the mission, including the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ), Green Climate Fund (GCF) and The Nature Conservation.

The investment plan focuses on protecting biodiversity and people living in countries in the region. To achieve this, the project focuses on three transversal themes: science for innovation, knowledge and research; support in promoting policies for institutional financing; and regional coordination and innovation systems.

There is also a focus on five thematic lines of development: bioeconomy, productive sectors, sustainable infrastructure and basic services, traditional peoples and the cross-cutting financing model.
Karina Pinasco, general coordinator of the Pan-Amazon Cooperation and Coalition program of the Sustainable Amazon Foundation (FAS) and executive secretary of SDSN Amazônia, evaluates the mobilization in favor of people and socio-biodiversity as extremely positive.

“It is a huge effort and a very interesting goal, as it is not just about business financing, but also about knowledge, training, recovery, restoration and support in terms of governance for the Amazon Cooperation Treaty Organization (ACTO)” ,

explained.

The commitment also aims to mobilize a transfer of USD 15 billion by 2026 and USD 30 billion by 2030 for the Green Coalition alliance, a regional effort coordinated by the Inter-American Development Bank and the National Bank for Economic and Social Development (BNDES).

Karina Pinasco considers that “for all of us we have a valuable opportunity. As far as FAS is concerned, we have already started contact to implement our solutions [da SDSN Amazônia] and a series of very positive actions, but also for the members of the networks to which we are linked. […]. We will focus, precisely, on working on solutions related to livelihoods, bioeconomy, schools. Furthermore, we will resume a project that we have developed with the main [SDSN/ONU], which is aimed at training Amazonian entrepreneurs, from countries that are part of the network, through formal education. We are very happy about this and the investments allow us to resume projects and consider new goals”, he adds.

New commitment at COP28

Next Sunday, the 10th, from 11:30 am to 12:15 pm (Dubai time), SDSN Amazônia will participate in the panel “Protected natural areas and local population means of life”, in the Peru – Zona Azul pavilion at Expo City.

The moment will bring together: Virgilio Viana, general superintendent of FAS; the National Service for Natural Areas Protected by the State (Sernanp) and the Peruvian Promotion Commission for Exportation and Tourism (Promperu), both from Peru; Antonio Pulgar, state governor of Huánuco; Leyda Rimarachín, deputy regional governor of Amazonas; the GCF-Brazil Network; and Albina Ruiz, Peruvian Minister of the Environment (Minan). Mediation will be by Karina Pinasco.
The panel is organized by the Mancomunidad Regional Amazónica (MRA), FAS and SDSN Amazônia, carried out by the Governors’ Task Force for Climate and Forests (GCF) of Peru and Rewild.

About FAS

The Sustainable Amazon Foundation (FAS) is a non-profit civil society organization that works for the sustainable development of the Amazon through programs and projects in the areas of education and citizenship, health, empowerment, research and innovation, environmental conservation, community infrastructure, entrepreneurship and income generation. FAS’s mission is to contribute to the conservation of the biome by valuing the standing forest and its biodiversity and improving the quality of life of the populations of the Amazon. In 2023, the institution completes 15 years of operation with outstanding numbers, such as the 202% increase in the average income of thousands of benefited families and the 40% drop in deforestation in areas served between 2008 and 2021.

About SDSN Amazônia

The Amazon Sustainable Development Solutions Network (SDSN Amazônia), created in 2014 in the city of Manaus (Brazil), is a regional network of SDSN Global. The Sustainable Amazon Foundation (FAS) serves as the network’s executive secretary. The organization aims to mobilize local knowledge in the search and creation of practical and viable solutions to challenges related to the sustainable development of the Pan-Amazon.

*With information from

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