Brazil pledges $113 mn to fight climate change | world | Hindustan Times
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Brazil pledges $113 mn to fight climate change

world Updated: Aug 20, 2010 09:29 IST

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Brazil will allocate $113 million next year to fight climate change, an official said.

Branca Americano, environment ministry's secretary for climate change, Thursday said a part of the money for National Fund on Climate Change will come from the oil sector.

The law that governs oil industry was modified to provide revenues to the fund, he said at a climate conference in northeastern Fortaleza city.

The fund was created in 2009 to cut emissions and stop deforestation and degradation.

In partnership with Empresa Brasileira de Pesquisa Agropecuaria, a state-owned agricultural research firm, the fund will develop programmes to promote sustainable agricultural practices.