(Reuters) - Brazil's national development bank (BNDES) on Saturday launched an effort to restore degraded or destroyed woodland amounting to 60,000 square km (23,160 square miles) - an area nearly the size of Latvia - in the Amazon rainforest by 2030.
At the United Nations COP28 climate summit in Dubai, BNDES announced that the Arc of Restoration program, with funding of up to 1 billion reais ($205 million) through 2024, would also seek to capture 1.65 billion tons of carbon from the atmosphere by 2030.
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