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Deforestation of the Amazon rainforest repealed by Peru's legislature for being unconstitutional. In 2015 illegal deforestation of the Amazon was on the rise again for the first time in decades, this was largely a result of consumer demand for products like palm oil. As consumer pressure increases, Brazilian farmers clear their land to make more space for crops like palm oil, and soy Also, studies done by Greenpeace showed that 300 billion tons of carbon, 40 times the annual greenhouse gas emissions from fossil fuels, are stored in trees. In addition to the carbon release associated with deforestation, NASA has estimated that if deforestation levels