South America

Rainforest scene

Brazil launches $204 million drive to restore Amazon rainforest

Brazil’s national development bank BNDES has launched the Arc of Restoration program to restore degraded or destroyed woodland amounting to 23,160 square miles – an area nearly the size of Latvia – in the Amazon rainforest by 2030. It also seeks to capture 1.65 billion tons of carbon from the atmosphere by 2030.

Colombia rainforest landscape

Deforestation in Colombia down 70% year-on-year

Since taking power last year, leftist President Gustavo Petro has enacted a slate of new policies aimed at protecting Colombian forests, including paying locals to conserve woodland. The recent gains in Colombia mirror similar advances in the Brazilian Amazon, where leftist President Luiz Inacio Lula da Silva has cracked down on forest clearing.

Big tree at night

Paraguay adopts new law to improve carbon credit market

The legislation creates a registry for carbon credit projects within the National Directorate of Climate Change to serve as the official record of every carbon credit program active in Paraguay and ensure that land isn’t being registered more than once — a common problem in the global carbon credit market.

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