Sunday, May 25, 2014

International Investors Help Brazil Protect Rainforests

In a recent announcement, Brazil has stated that it will partner with many governmental and private funders in order to fund an expansion of protection for parts of the Amazon. This funding, $215 million, will help protect 15 percent of the Brazilian Amazon or about 200,000 square miles. This story caught my attention after reading the chapter on the environment. It seems as though Brazil and other philanthropists are fighting to protect the rainforest, since so much of Brazil is made up of the Amazon.

I found the backers of this project particularly interesting. I expected there to be some companies trying to get good publicity by backing the project, but instead found investors such as World Wildlife Fund, the German government and the Inter-American Development Bank. These backers really echoed the lecture on Friday showing that NGOs, other governments, and even international entities can all lend a hand to help a country maintain its powerful and much needed resources. Humanitarianism aside, I'm sure that the Brazilian Amazon holds a lot of economic and political power for Brazil and many countries around the world. Interdependence will cause other countries and entities to treat that land as their own and avoid a "tragedy of the commons" scenario.

Posted by Evy Lopez

http://search.proquest.com.libproxy.noctrl.edu/nationalnewsexpanded/docview/1526714009/DE72539F5935481BPQ/24?accountid=44854

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