Mongabay · Climate & nature

Amazon Fund Grantees Fear Funding Freeze Amidst Brazilian Election Uncertainty

Grantees of the Amazon Fund fear a change in Brazil's presidential administration could disrupt its recent resurgence and significant increase in financing.

The Amazon Fund, crucial for reducing deforestation, faces potential disruption. Grantees recall the 2019 dismantling of environmental frameworks, leading to a freeze in contributions, fueling anxiety among donors and communities.

Established in 2008, the fund rewards Brazil for reducing deforestation. Under President Lula, it quadrupled financing, with new donors like the UK and US joining Norway and Germany.

A project supporting 614 families in Tocantins, who break babassu coconuts, received over 13 million reais to bolster their economy and role as forest guardians.

However, project coordinators fear a repeat of the 2019 paralysis if the election outcome is unfavorable, given the close race.

Experts warn any fund suspension would have more severe consequences now due to climate system stress. Management acknowledges risk, citing past paralysis.

The election's outcome could impact other financing initiatives. Previous funding cuts from agencies like USAID also highlight project vulnerability to political shifts.

The Amazon Fund enables large-scale projects, allowing organizations to take substantial steps in sustainable development and conservation.

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