The federal and Pará state governments will launch a groundbreaking model for restoring deforested forests.
The idea is to grant thousands of hectares to companies that, in exchange for restoring destroyed forests, will be able to profit from the sale of carbon credits.
247 - The federal government and the state of Pará are expected to implement projects that allow the transfer of deforested areas to the private sector, with the goal of restoring them and generating revenue from the sale of carbon credits, according to a report in Folha de S.Paulo. Until now, these credits were generated in private areas leased or purchased by developers, without public intervention. Now, under the new model, credits can be generated in public areas, provided that a portion of the revenue from the sale of these credits goes to the government.
A carbon credit is equivalent to one ton of carbon that was not emitted or was absorbed from the atmosphere. Since trees absorb carbon in the process of photosynthesis, restoring forests helps absorb this gas – which is responsible for global warming.
According to the report, the federal government is expected to launch a tender this semester to grant 15 hectares of the Bom Futuro National Forest in Rondônia. The Lula administration reportedly aims to hand over approximately 350 hectares of public forest to the private sector by next year. In the case of Pará, for example, carbon credit developers interested in undertaking a project in Altamira have until the end of March to submit their bids. The winner of the tender will be the company offering the highest variable grant, tied to its annual revenue.