Isramart : Brazil – US$16 billion a year from Amazon carbon credits

Isramart news:
Brazil could make up to $16 billion (£9.5 billion) every year to put towards the cost of Amazon rainforest protection and emission cuts if it takes steps to sell on its carbon credits, it has been reported.

According to extracts from an interview published by Reuters, head of the Brazilian Carbon Markets Association Flavio Gazani said that the country could earn between eight and sixteen billion every year.

“We all should agree that emissions from deforestation are a significant part of the problem, and we should also admit that we could use some help,” he said.

The source went on to point out that the Brazilian government has long been under pressure to reduce Amazon deforestation levels.

The rainforest clearing is mainly down to cattle ranch activity which, as well as logging and the deforestation of the rainforest, is one of the biggest reasons for global warming and climate change, as cutting down trees sees CO2 released into the atmosphere.

Brazil could make up to $16 billion (£9.5 billion) every year to put towards the cost of Amazon rainforest protection and emission cuts if it takes steps to sell on its carbon credits, it has been reported.

According to extracts from an interview published by Reuters, head of the Brazilian Carbon Markets Association Flavio Gazani said that the country could earn between eight and sixteen billion every year.

“We all should agree that emissions from deforestation are a significant part of the problem, and we should also admit that we could use some help,” he said.