Brazil's government under President Jair Bolsonaro is proposing the smallest budget for environmental protection in at least 13 years despite soaring destruction of the country's Amazon rainforest, according to data from non-profit Contas Abertas.
The World Bank says it will invest over $5 billion over the next five years to help restore degraded landscapes, improve agriculture productivity, and promote livelihoods in 11 African countries as they recover from the COVID-19 pandemic.
The number of disasters caused by extreme weather and climate-related events is surging, the International Federation of Red Cross and Red Crescent Societies says, but funding is not getting to where it is most needed.
Brazilian President Jair Bolsonaro reacted angrily on Wednesday to U.S. Democratic presidential candidate Joe Biden's call for a world effort to offer Brazil $20 billion to end Amazon deforestation or face unspecified "economic consequences."
