Presented by the Government of Brazil

This event introduced the Brazilian National Plan for Climate Change and the
Amazon Fund, which aims to raise funds to be used in combating deforestation
and promoting the conservation and sustainable use of forests in the Brazilian

Suzana Kahn Ribeiro, State Secretary, Ministry of Environment, Brazil,
described the Brazilian National Plan for Climate Change and outlined the
Plan’s objectives related to: low-carbon development; renewable energy;
biofuels; deforestation; forest cover; vulnerability and adaptation; and
research and development.

Tasso Rezende de Azevedo, Director-General, Ministry of the Environment, Brazil,
described the Amazon Fund, which will invest in actions undertaken by
governments and non-governmental organizations (NGOs). He said the fund hoped
to attract contributors, such as governments, NGOs, and multilateral

Paulo Todescan Mattos, Brazilian Development Bank, described the Bank’s
activities pertaining to the environment and its role as the financial manager
of the Amazon Fund. He announced the opening of a subsidiary in London, which aims to
attract more investments into the Fund, and an international marketing
campaign, which will provide clarification regarding the Fund’s management.

Luiz Machado, Chair of the Ad Hoc Working Group on Long-term Cooperative
Action, highlighted the engagement of developing countries, and specifically Brazil, in
climate change action, and said that the emission reduction activities funded
through the Amazon Fund will be additional to industrialized countries’

Lord Nicholas Stern, London School of Economics and Political Science,
commended Brazil
on its leadership, especially with regard to biofuel technologies. He called
for a commitment to a low-carbon economy and said that he hoped Brazil would
lead in carbon capture and storage from biomass. He underscored the need to
support development and fight poverty.

Eric Solheim, Minister of Environment and of International Development, Norway, described Norway‘s US$100 million annual
contribution to the Amazon Fund, which could continue until 2015. He noted the
potential for collaboration with the UN system, as well as the need to
recognize indigenous peoples’ needs.

Carlos Minc, Minister of the Environment, Brazil, concluded the session and
noted that the country will be implementing projects in June 2009. He said that
the Plan would reduce emissions from deforestation by 70% in the next decade,
representing 4.8 billion tons of carbon dioxide. He also described efforts on
biofuels, ethanol, illegal logging, monitoring, public contracts with wood
exporters, and elimination of kilns that are transforming the Amazon through
their use of nonrenewable charcoal for the steel industry. He said that the
Amazon Fund should guarantee full rights for indigenous and local peoples, and
protect biological diversity. He clarified that the Fund is not intended to
generate emission credits for those that donate to it.