"Macron and Lula Unveil €1 Billion Amazon Investment Plan"

1 min read
Source: FRANCE 24 English
"Macron and Lula Unveil €1 Billion Amazon Investment Plan"
Photo: FRANCE 24 English
TL;DR

French President Macron and Brazilian President Lula announced a €1 billion investment plan for the Amazon, aiming to raise public and private investment over the next four years. The plan includes the creation of a carbon market to reward countries investing in natural carbon sinks, support for indigenous communities, and the manufacturing of submarines. The leaders seek to strengthen Franco-Brazilian ties and address global issues, while also navigating contentious topics such as the Mercosur free trade agreement and the war in Ukraine.

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