Deforestation In Amazon Forests – Free PDF Download

Context

• Deforestation in the Amazon rainforest in Brazil is increasing rapidly.
• Brazil must recognise that the Amazon rainforest is a universal treasure.

Significance of Amazon Forests

• The Amazon basin, spread across millions of hectares in multiple countries,
• Key factor in regulating monsoon systems.
• Rich biodiversity.
• Moreover, about 400 known indigenous groups present there
• Much of the Amazon has survived, despite relentless pressure
• The legacy of the ecosystem and the indigenous groups are now under great threat.

 Challenges

• Deforestation – emboldened illegal expansion into forests.
• Armed gold-hunting gangs have reached tribal areas
• Satellite images show that about 4,200 sq km of forests have been destroyed

Way Forward

• Globally, there is tremendous momentum to save the Amazon forests.
• So, Brazil must welcome initiatives such as the billion-dollar Amazon Fund backed by Norway and Germany
• Remedial funding, accounting for the value of environmental services
• This is because forest removal has not helped agriculture
• In all, Brazil’s President must recognise that rainforests are universal treasures

Amazon Fund

• The Amazon Fund was created in 2008
• The objective was to prevent, monitor, and combat deforestation
• The fund holds US$850 million, and is managed by the National Bank for Economic and Social Development (BNDES) of Brazil.

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