The move is aimed at the Amazon in both Brazil and French Guiana, and comes as part of the Action Plan on the Bioeconomy and the Protection of Tropical Forests, signed by Brazil and France.
The monitoring was carried out with the help of satellite images from Imazon. The reduction observed in 2023 was said to have “surpassed the overall drop in deforestation,” which was down 62% between 2022 and 2023.
A survey indicates that the loss of vegetation stood at 116 km², 80% less than in 2022, when it reached 590 km². This was also the lowest level of deforestation reached in November since 2017.
The contributions add up to BRL 45 million. In doing so, the two nations have joined the 15-year-old initiative, which until then had received contributions from Norway and Germany, as well as state-owned oil giant Petrobras.
The state-run oil giant reported it marked its entry into the voluntary carbon market by purchasing credits equivalent to 175 thousand tons of avoided emissions. The move corresponds to the preservation of 570 hectares of the Amazon forest.