Brazil Launches First Amazon Reforestation Concession Using Carbon Credits
en.clickpetroleoegas.com.brBrazil has granted a 40 year reforestation concession for 145,000 degraded acres in the Bom Futuro reserve to the startup Re.green. This initiative marks the first time the Brazilian government has used a concession model on public lands to restore native forests in the Amazon. The project tests whether carbon credits can provide a sustainable financing mechanism for large scale restoration. It involves a partnership between the government, the startup, and the Karitiana indigenous community to meet Brazil's 2030 forest recovery goals.
