Decarbonizing the Brazilian Amazon: Policy Reforms Support

implementation

The objective of this Technical Cooperation (TC) is to support the State of Pará on the implementation of policy reforms aligned with the Policy Based Loan "Descarbonize Pará: Policy Reform Project for Sustainable Development in the Amazon" (BR-L1613 – US$ 300M). The proposed loan operation aims to accelerate structural reforms of public policies to promote carbon-efficient and sustainable economic development, in order to (i) promote fiscal sustainability in line with the decarbonization of the economy, (ii) consolidate climate governance at the state level; (iii) conserve and restore ecosystems with high carbon storage and removal capacity, using Nature-Based Solutions (NbS); (iv) develop Bioeconomy chains and promote climate-smart agriculture through low carbon agrosilvopastoral production; (v) promote financial instruments that consolidate the decarbonization trajectory of Amazonian states and (vi) promote gender, equality and inclusion in policy reforms towards a green economy.