France has rolled out a new initiative to fight deforestation and promote sustainable development.
Under the initiative, announced in Ecuador in early December 2020, the South American country will be the first regional beneficiary of the related pilot project, dubbed TerrAmaz. The overall initiative is backed by $11.48 million in funding to be divided between Brazil, Colombia, Ecuador and Peru, with support from the French Development Agency (AFD).
The project in Ecuador will tackle deforestation in Yasuní National Park and nearly $1.5 million in dedicated funding. The protected area has long faced myriad environmental threats, including recent approvals for oil exploration and drilling. The French government also wants to help promote better controls over agricultural and forestry systems.
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