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Lula: Brazil To Invest BRL1B To Tackle Amazon Deforestation

Source:  Copyright 2008, Dow Jones
Date:  May 12, 2008
Original URL: Status ONLINE

The Brazilian government will provide 1 billion Brazilian reals ($597 million) to tackle deforestation in the Amazon, President Luiz Inacio Lula da Silva told the government news agency Radiobras Monday.

Lula said the BRL1 billion will be used to tackle deforestation, allow for reforestation and control the environment.

In January, the government reported a surprising 3,200 square kilometers of forest were cut down over the last five months, with a record-breaking 1,922 square kilometers clear-cut in November and December combined.

Lula also said the government will establish a rural environmental register.

"This is important. Producers will need to be registered if they want to receive technical assistance or credit," Lula told Radiobras.

The government will also train 4,000 technical specialists to work on the initial phase of the project with 100,000 rural producers, said Lula.

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