Sep 18, 2008. /Lesprom.com/. Norway will be investing nearly $600 million over a five year period to fund projects in Brazil that will reduce carbon emissions, ITTO reported. An initial tranche of funding for upcoming activities worth $100 million was recently announced by the Brazilian Minister of Environment. Norway has seen Brazil as a model for combating deforestation, as it is known for its high capability satellite monitoring and reporting on tropical forest areas. Norway intends to transfer lessons learned from its projects in Brazil to other tropical countries.