Posted 11/22/2023, 12:03:00 PM
Brazil Creates Carbon Market with Indigenous Rights, But Leaves Out Key Emissions Sector
- Brazil poised to create one of world's largest carbon markets with new regulated system, though critics say it excludes agriculture which is the highest-emitting sector
- Indigenous peoples given right to participate in carbon market and generate/sell credits under new rules, with safeguards against exploitation
- Indigenous lands seen as vital for forest conservation, but also under pressure from companies seeking carbon credits
- Concerns over consultation and transparency around some existing voluntary carbon projects on indigenous lands
- Questions remain whether carbon payments can help transform relationship of indigenous peoples with the forest while avoiding a "green gold rush"