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historic carbon credit deal aims to protect amazon rainforest

A coalition of developed countries and corporations has finalized a historic $180 million carbon credit sale from the Amazon rainforest, aimed at reducing deforestation in Brazil's Pará state. The initiative, led by the LEAF coalition, involves 30 multinational companies and promises to allocate funds to indigenous communities. With a goal to generate 12 million forest credits by 2026, this deal is seen as a crucial step in combating tropical deforestation and promoting sustainable forest management.
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United States Dollar H&M Group Bayer AG Amazon.com, Inc. Binah Capital Group, Inc. GBR CAN USA KOR BRA NOR Helder Barbalho Eron Bloomgarden Ibrahima Cheikh Diong Mariana Oliveira Show more
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16:01 27.09.2024
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