Sustainable Finance

Bezos Earth Fund commits $50 million in Amazon conservation grants

ESG Broadcast Desk· 2 Jul 2023· 2 min read

The Bezos Earth Fund announced $50 million in grants for conservation and sustainable development in the Brazilian Amazon, unveiled in Brasília alongside Brazilian government leaders and the Global Environment Facility Council. The funding model linking carbon markets, Indigenous capacity-building and forest-based economies offers a reference point for Indian entities developing nature-finance and carbon-credit programmes.

The Bezos Earth Fund will allocate $50 million in grants for Amazon conservation and sustainable development, announced in Brasília with Brazilian leaders and the Global Environment Facility Council. The package includes $30.9 million to create over 8 million hectares of new protected and conserved areas and improve protection of 60 million hectares of tropical forest, $5 million to Re:wild for fire prevention across nine Amazonian states, $9.7 million to the Environmental Defense Fund and partners, and $6 million to Instituto Clima e Sociedade.

The grants reach local and international organisations including Nia Tero, Rainforest Foundation Norway, Rainforest Trust and the Wildlife Conservation Society, plus more than 20 fire-response groups channelled through Re:wild. Indigenous territories such as Wayamu, Tumucumaque, Roraima, Rio Negro and the Javari territories near Peru are direct beneficiaries. The Environmental Defense Fund grant trains Indigenous and community leaders in two Brazilian states to engage in carbon markets, while iCS will build a network of Amazon-based economic researchers and analysts.

Indian carbon-market developers, conservation NGOs and Indigenous-finance advocates should study how the fund pairs protected-area designation with carbon-market capacity-building and forest-based economic alternatives. The emphasis on directing finance to Indigenous and local communities, and on building research networks to advise policymakers and financial institutions, signals the structuring required for credible nature credits. Entities should monitor the approaching Brazilian fire season and the deployment of the $5 million Re:wild allocation as a model for monitoring and preparedness funding.

Key figure — Total grant commitment: $50 million for Brazilian Amazon conservation

This content is AI-assisted and reviewed by the ESG Broadcast editorial team. It is for informational purposes only and is not investment or ESG-rating advice. See our Technology & Transparency policy.

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Bezos Earth Fund commits $50 million in Amazon conservation grants | ESG Broadcast