Amazon to receive $250 mi for bioeconomy projects
Bioeconomy and sustainable infrastructure initiatives in the Amazon are expected to receive investments of $250 million in the coming months. The amount will be allocated to a line of credit for investment projects.The announcement was made in New York this week by Banco do Brasil in partnership with the Inter-American Development Bank and adds to the Amazon Impact Movement, signed during the UN Global Compact in Brazil.The move aims to foster development in the Amazon by supporting bio-enterprises and local rural producers. Other objectives include financing projects to generate renewable energy and improve connectivity in urban, rural, and forest areas in the Amazon, especially in isolated locations.The project is aligned with Banco do Brasil’s 12 Sustainability Commitments and the...