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Presidents of Brazil, France announce green investment plan on Amazon visit

Published : Thursday, 28 March, 2024 at 12:00 AM  Count : 159
BELÉM, Mar 27: French President Emmanuel Macron kicked off a visit to Brazil on Tuesday with the launch of a billion-euro Amazonian green investment plan alongside his counterpart Luiz Inacio Lula da Silva.

The pairs trip to Belem, the northern host city of a major UN climate summit next year, makes Macron the first president of France to visit Brazil in over a decade and comes after a stop in nearby French Guiana.

His public event with Lula on the jungle island of Combu, full of smiles and affectionate gestures, highlighted the stark reversal of relations since the term of Jair Bolsonaro, Lulas far-right predecessor.

The former president had clashed with Macrons government over environmental destruction -- and even lobbed insults directed at French first lady Brigitte Macron.

The investment plan aims to raise "1 billion euros ($1.08 billion) of public and private investment over the next four years," according to a roadmap published by the French presidency ahead of next years COP30 summit.

The leaders are seeking to promote "a great public and private global investment plan into the bioeconomy" in the Brazilian and Guyanese Amazon, the announcement said, especially as Brazil presides over the G20 for 2024. —AFP



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