The UAE's Erth Zayed Philanthropies committed $40mn to back Brazilian projects to protect the environment and advance sustainable development.
The organization said it plans to support multiple projects in Brazil, including programs to restore ecosystems and eliminate plastic waste in the Amazon, as well as projects that support sustainable farming.
It also reaffirmed its commitment to support the Tropical Forests Forever Facility (TFFF), which was launched by Brazil in 2023 and aims to raise funds to protect tropical forests and help countries combat deforestation. The UAE was one of five countries that committed to backing the fund during the biodiversity summit in Colombia in October.
The organization announced its plans to support Brazil's environmental protection efforts during the G20 summit in November, following a meeting between Brazilian President Luiz Inacio Lula da Silva and the Crown Prince of Abu Dhabi, Sheikh Khaled bin Mohamed Al Nahyan.
Erth Zayed Philanthropies was launched in October and will be used as a vehicle for the UAE to invest in a broad range of charitable projects in sectors including health, education, food security as well as energy and sustainability.
