Remarks by President Biden in Statement to Press | Manaus, Brazil

By President Joe Biden
The White House
November 17, 2024
Category: Carbon, Climate & Bioenergy
Region: United States, International

Joe Biden

…I am proud to announce, first, the United States Development Finance Corporation will mobilize hundreds of millions of dollars in partnership with a Brazilian company to reforest the Amazon. Second, we’re launching a Brazil Restoration and Bioeconomy Finance Coalition to mobilize at least $10 billion by 2030 to restore and protect 20,000 square miles of land. And, third, I’m announcing an additional $50 million to the Amazon Fund that’s already — we’ve giv- — already given $50 million. Fourth, we’ll provide the funding to help launch President Lula’s important new initiative, the Tropical Forest Forever Fund. …The fight against climate change has been a defining cause of my presidency.

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