The National Fund on Climate Change already has R$ 200 million for investment in mitigation and adaptation actions to the effects of climate change in Brazil in 2011. The announcement was made by the Secretary for Climate Change and Environmental Quality of the Ministry of the Environment, Branca Americano.
On Wednesday (August 18), the Secretary took part in a debate on Financing Strategies for Sustainable Development of the Semi-arid Regions, as part of the programming of the II International Conference: Climate, Sustainability and Development in Semiarid Regions (ICID 2010). The conference is being held in Fortaleza (Ceará) since Monday (August 16) and ends tomorrow (20). The event gathers more than 2,000 people from 90 countries.
Branca explained that the so-called "Climate Fund" will receive part of the oil exploitation profits. According to the Secretary, the steering committee of the Fund will be installed later this year.
The Climate Fund was created at the end of last year and is the world's first initiative to use oil resources to combat climate change. With a budget that could reach R$ 1 billion per year, the money from the fund will be applied in research and actions for mitigation and adaptation to climate change, helping vulnerable regions such as the semi-arid and coastal regions in Brazil.
Redes Sociais