According to reports from environmental agencies in Brazil, the conservation policy of President Luiz Inacio Luna DaSilva has resulted in a 68 percent reduction in deforestation of the Amazon Rainforest as determined for April 2023 compared to the previous year. Preservation of the rain forest was a key plank for his party campaign and reflected considerable concern from the electorate. Under his predecessor, Jair Bolsonaro the rate of conversion of rainforest to agricultural land accelerated to the detriment of the environment of Brazil and the World.
The Amazon Fund dedicated to restoration of the Amazon rainforest recently received $100 million from the U.K. with additional contributions from Norway, Germany and the U.S.