Brazil has published its long overdue national biodiversity strategy and action plan (NBSAP) under the Kunming-Montreal Global Biodiversity Framework. The plan sets a target to conserve 80% of the Brazilian Amazon by 2030, far exceeding the global 30 by 30 goal. It also aims to eliminate deforestation across all Brazilian ecosystems by 2030, building on President Lula's zero deforestation pledge. The strategy explicitly links biodiversity protection with climate action, reflecting a push for greater coordination between the UN climate and biodiversity conventions. For carbon market participants, Brazil's NBSAP matters because it signals stronger land use regulation and potential for high integrity nature based carbon credits. The plan includes recognition of Indigenous territories and Quilombola lands as part of its conservation framework, which could affect how carbon projects are structured and verified. However, Brazil still accounts for 42% of global primary forest loss in 2024, so the gap between ambition and execution remains wide. The plan's success will depend on enforcement capacity and whether the zero deforestation target by 2030 can be met amid ongoing drought driven wildfires.
