The goal of the fund is to support projects that contribute to a reduction of greenhouse gas emissions from deforestation and forest degradation

The U.S. Department of State's Bureau of Oceans and International Environmental and Scientific Affairs awarded a $3,472,000 Project Grant under the Environmental and Scientific Partnerships and Programs (CFDA 19.017) federal grant program to Banco Nacional De Desenvolvimento Economico E Social - Bndes, a Brazilian non-profit organization. The goal of this award is to support projects that contribute to a reduction of greenhouse gas emissions from deforestation and forest degradation. The performance period for this grant is from September 11, 2024, to January 1, 2025, and the activities will take place in Clearwater, Florida. This award is part of a larger portfolio of approximately $100 million in federal grants that Bndes has received from the Bureau of Oceans and International Environmental and Scientific Affairs since September 2023, all focused on environmental restoration, forest preservation, and climate change mitigation efforts.