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Amazon Fund (Fundo Amazônia)

The Amazon Fund was created to raise donations so that investments can be made in efforts to prevent, monitor and combat deforestation, as well as to promote the conservation and sustainable use of forests in the Amazon Biome. Although the Amazon Fund was created by the government and is managed by a public bank, it is a private fund. Activities supported include management of public forests and protected areas, environmental control, monitoring and inspection, sustainable forest managments, recovery of deforested areas, along with other activities.

Purpose of support

Project and program implementation

Eligibility criteria

The Amazon Fund will support the following areas:

Management of public forests and protected areas;
Environmental control, monitoring and inspection;
Sustainable forest management;
Economic activities created with sustainable use of the vegetation;
Ecological and economic zoning, territorial arrangement and agricultural regulation;
Preservation and sustainable use of biodiversity; and
Recovery of deforested areas.

Besides this, the Amazon Fund may support the development of systems to monitor and control deforestation in other Brazilian biomes and in biomes of other tropical countries.

In addition to reducing the emission of greenhouse gases, proposed subject areas for support by the Amazon Fund may be coordinated in such a way as to contribute to accomplishing significant targets including prevention, monitoring and combat against deforestation, and targets related to promoting the preservation and sustainable use of the Amazon biome.

The projects for the Amazon Fund can be submitted by several kinds of entities, whether they are direct and indirect federal, state and municipal public administration bodies; research support foundations; non-governmental organizations and civil society organizations of public interest; private companies; cooperatives; governmental and university research centers; scientific and technological institutes, environmental, agrarian and support (federal, state and municipal) entities; research support foundations linked to public bodies acting in the Amazon forest region, as well as entities involved in environmental control and fighting environmental crimes.

Financial instruments

Grants

Decision-making information

The Amazon Fund will be managed by the BNDES, the Brazilian Development Bank, which will also undertake to raise funds, facilitate contracts and monitor support projects and efforts.

The Amazon Fund has an Guidance Committee − COFA, assigned with the responsibility of posting guidelines and monitoring the results obtained; and a Technical Committee − CTFA, appointed by the Ministry of Environment, whose is charged with certifying the emissions count from deforestation of the Amazon Forest.

The Technical Committee, as referred to above, will verify the calculations made by the Ministry of Environment concerning the effective reductions of carbon emissions from deforestation, appraising the methodologies for calculating the deforested areas and the amount of carbon per hectare used in the respective calculation of emissions. After consulting the Brazilian Climate Change Forum, the Technical Committee will be put together, consisting of six authoritative technical and scientific experts appointed by the Ministry of Environment, for a term of three years, extendable once for an equal period.

Steps to access

Requests for support are sent to the BNDES, the manager of the Amazon Fund, by means of an Application Form, which must be filled in under the Guidelines for Previous Consultation. There are three templates in the Guidelines for Previous Consultation available on the Amazon Fund’s website.

a) Previous Consultation – Science, Technology and Innovation: for requests aimed at scientific, technological and innovation projects;
b) Previous Consultation – Direct Public Administration : for requests sent by the Direct Public Administration bodies (federal, states, municipalities and the Federal District); and
c) Previous Consultation: for all the other requests that do not fall under items a and b.

Climate objective

Adaptation, Mitigation, Cross-cutting

Sectors and themes

Ecosystem adaptation, Forestry and Land-Use

Type of support provider

Bilateral

Type of recipient

Public entity at the national level, Public entity at the sub-national level, Public entity at the regional level, Non-profit or civil society organization, International organization

Fund size

The Norwegian commitment established annual donations until 2015, totaling USD 1 billion. In December 2010, the Amazon Fund received its second donation, from the government of Germany, through its Development Bank (KfW), which has committed to contributing USD 27.8 million.

Co-financing required

Trustee or administrator

Brazilian Development Bank (BNDES)

Contact information

http://www.amazonfund.gov.br

fundoamazonia@bndes.gov.br

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Amazon Fund (Fundo Amazônia)