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The European Union on Friday threw its weight behind a plan to protect the Amazon rainforest, pledging to coordinate financial contributions from EU members and make sure the money was spent as intended under its Global Gateway investment plan.
Team Europe, which includes EU members states and institutions such as the European Investment Bank, will coordinate 260 million euros ($277 million) already pledged by Spain, Italy, Sweden, France, Germany and the Netherlands to curb deforestation in the Amazon.
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