A Brazilian state was set to close a massive $180 million carbon credit deal, but now faces an escalating legal battle, accused of violating national laws and Indigenous rights, potentially ruining the project.
  • A Brazilian state was set to close a massive $180 million carbon credit deal, but now faces an escalating legal battle, accused of violating national laws and Indigenous rights, potentially ruining the project.
  • Brazil’s Federal Prosecutor’s Office is seeking to nullify the 2024 contract, which sells 12 million carbon credits from Pará to companies like Amazon, Bayer, H&M Group and Walmart.
  • Indigenous and Quilombola leaders voice concerns that the program could restrict their access to their land and interaction with nature, undermining inherent rights and deep spiritual connection to the rainforest.
  • Widespread accusations over the failure of free, prior, and informed consent for the project highlight ongoing criticism of carbon credit initiatives in Brazil and globally, after scandals involving unapproved use of traditional territories and a loss of confidence in REDD+ projects.

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  • A_Union_of_Kobolds@lemmy.world
    1·
    7 days ago

    There will come a day when people laugh at carbon credits for how incredibly shortsighted they were.

    Like we could save our way out of this.

    I’ll cackle as the world ends.