Deforestation of the Amazon rainforest the forest is still shrinking.<ref name="INPE/Prods satellite data"> INPE figures August to July.</ref> Norwegian prime minister Jens Stoltenberg announced on September 16, 2008, that Norway's government would donate US $1 billion to the newly established Amazon fund. The money from this fund would go to projects aimed at slowing down the deforestation of the Amazon rainforest. In September 2015, Brazilian president Dilma Rousseff told the United Nations that Brazil had effectively reduced the rate of deforestation in the Amazon by 82 percent. She also announced that over the next 15 years, Brazil aimed to eliminate illegal deforestation, restore and reforest
Deforestation of the Amazon rainforest rainforest destruction in the Amazon and releasing significant greenhouse gases. The annual rate of deforestation in the Amazon region dramatically increased from 1991 to 2003. In the nine years from 1991 to 2000, the total area of Amazon rainforest cleared since 1970 rose from , comparable to the land area of Spain, Madagascar or Manitoba. Most of this lost forest was replaced by pasture for cattle. Deforestation of the Amazon rainforest continued to accelerate in the early 2000s, reaching an annual rate of 27,423 km² of forest loss in the year 2004. Today the remaining forest cover continues to dwindle,