Page 8 - FDMAsia MayJun2024
P. 8

6    MARKET BEATS                                                                 MAY/JUN 2024 FDM ASIA | www.fdmasia.com






         Drow69                                              and Embrapa Acre was announced.
                                                                This agreement is part of a detailed work plan to advance
                                                             the application of geo-technologies in monitoring forest recovery
                                                             in the state of Acre.



                                                             Vietnam and Japan eye stronger cooperation in forestry
                                                             management
                                                             The Department of Forestry of Vietnam and the Department of
                                                             Forestry of Japan have signed a Memorandum of Co-operation
            The importance of collaboration between different sectors   (MoC) on bilateral co-operation in forestry management,
          and countries was emphasised.                      reported from vov.vn.
            The event aimed to create an "ecosystem of innovation   The MoC includes eight co-operative activities of sustainable
          and forest restoration" that adds perspectives to a common   forest management; climate change mitigation and adaption;

          goal of conservation of the Amazon's natural resources.  effective forest resource management and use; forest,
            Discussions, organised in various panels, served as a   biodiversity conservation, and forest landscape restoration;
          platform for in-depth discussions on international cooperation,   forest management for natural disaster prevention; research
          forest restoration policies, how REDD+ programmes can benefit   and development of new technology in the field of forestry;
          the region and plans for recovering native vegetation along   human resource development; along with timber legality and
          with the role of the private sector and implementing agencies   responsibility for the trade of timber and timber products.
          in environmental management.                          At the recent signing ceremony in Tokyo, Tran Quang Bao,

            Ambitious goals were presented, such as the ‘Restore the   director of Vietnam Forestry Department, noted his appreciation
          Amazon’ project, which aims to restore 24 million hectares in   for the co-operation and support offered by the Japanese
          the region by 2050 through significant investment and a focus   side in the field of forestry over recent years.
          on job creation and biodiversity conservation.        Japan has supported the nation in developing and
            The first phase of the project, until 2030, involves the   implementing strategies, policies, and important projects of the
          restoration of six million hectares with an initial investment of   sector such as completing the legal system and supporting
          R$51 billion (approximately US$10 billion). The second phase,   the development of the 2017 Forestry Law, along with putting
          which runs until 2050, aims to restore an additional 18 million   forward decrees and circulars guiding the implementation of
          hectares at a cost of R$153 billion (around US$30 billion).
                                                                                                              3dman_eu
            The Amazon Fund and the Climate Fund will play crucial
          roles in financing these initiatives with an initial allocation of
          R$450 million by the Amazon Fund and R$550 million from
          the Climate Fund planned for 2024.
            It is estimated that 14,000 jobs will be created, and 165
          billion tonnes of carbon will be removed from the atmosphere
          significantly contributing to global emissions reduction targets.

          To conclude the Forum the signing of a technical cooperation
          agreement between the Acre State Environment Secretariat
   3   4   5   6   7   8   9   10   11   12   13