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President Varela ratifies commitment to environmental management by sanctioning law that creates forest incentives


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President Varela ratifies commitment to environmental management by sanctioning law that creates forest incentives

The President gave 26 orders to proceed for reforestation projects, community agro forestry development and adaptation to climate change for 23.5 million balboas.

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President Juan Carlos Varela today ratified the commitment of his Administration with the environment by sanctioning the law that creates the incentive program for forest cover and conservation of natural forests, in order to consolidate the Alliance for the Million Hectares Reforested and meet with the Sustainable Development Goals 2030.

This rule, said the President, is an example of how together a new country is built, in which dialogue and peace prevail as fundamental tools for healthy coexistence and sustainable development.

In addition, the Fondo Reforesta Panamá is created, through which the State commits to contribute 15 million balboas annually from the General State Budget to provide financial assistance-non reimbursable- for restoration and protection projects of natural forests.

"This law consolidates Panama as one of the first countries to take firm steps towards the achievement of objective 15 of Sustainable Development on the management of terrestrial ecosystems and forest management, the fight against desertification, land degradation and loss of biological diversity”, he said.

In calling on the population to maintain efforts to reach the goal of the Alliance for the Million Hectares Reforested, the President announced the increase of scholarships for study in Forestry Engineering at the Technological University of Panama (UTP), through from the Ministry of Environment, from 12 to 25.

For his part, the Minister of Environment, Emilio Sempris, said that "this is a concrete action that impacts both nationally and internationally for the forest sector to achieve the profile and provide the added value that only Panama can offer the world”.

Reforestation projects

During the ceremony, held at the Casa Amarilla, President Varela delivered 26 orders to proceed for reforestation projects, community agro forestry development and adaptation to climate change in the country for 23.5 million balboas.

These plans, which will be implemented with the support of the Development Bank of Latin America (CAF), the World Bank and the Adaptation Fund of the Climate Change Convention, aim to make Panama a key player in the management of climate change, forests, agro forestry industry, ecotourism and bio-commerce.

https://www.presidencia.gob.pa/en/News/President-Varela-ratifies-commitment-to-environmental-management-by-sanctioning-law-that-creates-forest-incentives

 

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