Boomitra, a carbon credit project developer, has published analysis highlighting the significant potential of Latin American carbon markets while pointing out key regulatory gaps that need addressing. The region offers substantial opportunities for nature-based carbon removal and avoided emissions projects, particularly in forestry and agriculture. However, inconsistent national frameworks and limited monitoring infrastructure create barriers to scaling high-quality credits. The analysis suggests that Latin America could become a major supplier of carbon credits if countries harmonize their regulatory approaches and invest in verification technology. Boomitra specifically notes that Brazil, Colombia, and Peru have the largest untapped potential but lack clear methodologies for quantifying soil carbon sequestration. The report calls for stronger government backing and international cooperation to unlock the region's estimated billions of dollars in carbon credit value.
