Norway has committed to a substantial financial investment of 2.2 billion kroner, roughly equivalent to 220 million dollars, aimed at enhancing the rights of indigenous peoples and local communities, as well as bolstering efforts to safeguard rainforest ecosystems. This announcement was outlined in a recent email communication from the Ministry of Climate and Environment to NRK.
In a collaborative effort, Norway is joining forces with nations including Germany and Great Britain, along with 34 philanthropic foundations, to contribute a total of 1.8 billion dollars toward this vital initiative.
“Strengthening the rights of indigenous peoples stands as one of the most effective strategies for combatting deforestation. This endeavor is not just a matter of social justice; it’s critical for the preservation of forests that play a pivotal role in absorbing and storing carbon,” emphasized Climate and Environment Minister Andreas Bjelland Eriksen (Ap).
This pledge was made in conjunction with the climate summit currently taking place in Belém, Brazil, highlighting the urgent need for global action on climate issues.