High Stakes: U.S. Elections and the $500M Amazon Fund Pledge

The fate of the Amazon Fund's crucial $500 million U.S. pledge hangs precariously on the outcome of upcoming elections. So far, only $50 million has been delivered, with the remainder contingent on the passage of the full 2025 budget by Congress. Stakes are high as deforestation and climate threats persist.

The Biden administration's pledge of $500 million to the Amazon Fund, with only $50 million delivered so far, hangs in the balance ahead of U.S. elections. The outcome could impact global efforts to prevent a 'climate tipping point' as deforestation threatens the Amazon rainforest.

A team of 270 firefighters strives to protect indigenous territories in Brazil, funded partly by the Amazon Fund. International donor contributions have been vital in equipping efforts to shield the Amazon, a critical component in battling climate change. Yet, the full U.S. financial commitment remains dependent on Congress.

The stakes are high amidst a charged political climate. A potential win by Trump, who previously withdrew from the Paris climate agreement, or a Republican majority in the House could block the critical funding path, risking irreversible climate repercussions, experts warn.

(With inputs from agencies.)