Pará signs $180m LEAF Coalition deal – first in Brazil
Pará is set to become the first state in Brazil to secure finance from the LEAF Coalition to support its efforts to reduce deforestation, following the signing of a landmark agreement worth an estimated $180 million.
Pará, which will play host to COP 30 in its capital Belém, contains around 25% of the Brazilian Amazon. The state government will use the proceeds from the LEAF agreement to finance its statewide programs to further reduce deforestation and support sustainable economic development. These programs will share economic benefits with Indigenous Peoples, traditional communities and family farmers on the front line in the battle against deforestation.
